Alrosa revenue tumbled, Profit grown in Q1
Alrosa revenue lowered by 8% Net profit increased by 13% QoQ Alrosa’s Q1 sales totalled 15.5 m cts, up by 65% Jewellery Market Bureau: Alrosa announces its IFRS results for Q1 2021 that reports, revenue decreased by 8% QoQ to RUB 90.8 bn, on the back of weaker diamond sales, which was partially offset by a better sales mix and growth of average realised prices. A 45% YoY revenue increase was driven by higher sales volumes (up 65% YoY) and the rouble depreciation. EBITDA added 5% QoQ and amounte...