Polyus Zoloto posts $1 billion IAS net profit in H106

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MOSCOW, September 26 (RIA Novosti) - Polyus-Zoloto, a gold-mining company recently divested from Russia's metals giant Norilsk Nickel, said Tuesday its net profit for the first six months of 2006, calculated according to International Accounting Standards, increased by $983 million, to $1.03 billion, year-on-year.

"Such a significant increase in profits during this period has been primarily brought about by the sale of 20% of the South African company Gold Fields in March 2006 for $980 million," the company said.

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