Polyus Gold posts 57% rise in 2011 net profit
The Russian gold miner's 2011 net profit climbed 57% year-on-year to $558 million boosted by an increase in sales volumes and higher gold prices.
MOSCOW (Reuters) -
Russian gold miner Polyus Gold said on Monday its net profit in 2011 rose by 57 percent year-on-year to $558 million thanks to an increase in sales volumes and higher gold prices.
Its 2011 gold sales jumped to a record high of $2.3 billion from $1.7 billion in the preceding year, while EBITDA reached $1.1 billion in 2011, up 55 percent year-on-year.
(Reporting by Polina Devitt; Editing by Andrey Ostroukh)
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