MOSCOW, September 25 (RIA Novosti) - Russia's largest gold producer, Polyus Gold, said on Friday its IFRS net profit in the first six months of 2009 fell 6.8%, year-on-year, to $150 million.
Revenue declined 12.9% to $452 million, and earnings before interest, taxation, depreciation and amortization (EBITDA) were $218 million, down from $235 million a year ago.
The company earlier reported a 14.4% decline in gold output in January-June 2009, year-on-year, to 14.9 metric tons (479,000 troy ounces).
Polyus Gold's operating mines and development and exploration projects are located in five major gold mining regions in Russia - the Krasnoyarsk Territory and the Irkutsk Region in Siberia, the Far Eastern Magadan and Amur Regions, and the Republic of Sakha (Yakutia) in East Siberia.
Polyus Gold, which employs over 12,500 people, produced 38 metric tons (1.2 million troy ounces) of gold in 2008.
