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Net profit of ALROSA under IFRS over 9 months 2014 of the year decreased by 44% - to 12,8 billion rubles
Net profit of ALROSA under IFRS for 9 months of 2014 decreased by 44% compared to the same period last year and amounted to 12,8 billion rubles. The decrease was caused by an increase in the exchange rate loss due to the revaluation of the part of the Group's loan portfolio denominated in foreign currency due to the depreciation of the ruble in the third quarter of 2014.
The company's revenue for January-September 2014 of the year increased by 21% - to 146,9 billion rubles. EBITDA increased over 9 months by 28% and amounted to 65,8 billion rubles, EBITDA margin increased to 45%.
Net cash flow for the reporting period amounted to 22,6 billion rubles, which was higher than the same period last year by 5,6. Such dynamics are caused by the weakening of the ruble exchange rate, the growth of operating income and the reduction of stocks of finished products due to their sale.