Alrosa terminates 41% stake in Angolan Catoca
Under the IFRS Alrosa gains almost 11% net profit in the 1H The net profit of Alrosa under the International Financial Reporting Standards (IFRS) gained almost 11% during the first six months of 2025 and totaled 40.6 bln rubles ($509.1 mln), the Russian diamond miner said in its report. Revenues from sales plummeted 25% to 134.3 bln rubles ($1.7 bln). The pre-tax profit ticked up by 0.3% in the reporting period to 46 bln rubles ($576.8 mln). The raw diamonds estimate of the company contracted to 115.9 bln rubles ($1.45 bln) in money value. Total reserves of the company in value terms added 1.4% to 234.2 bln rubles ($2.93 bln). In the row, Alrosa said about Angolan Catoca project, Alrosa's share in the Catoca project was transferred to Taadeen company. Russia’s diamond producer Alrosa has received 15.9 billion rubles ($199 mln) for its stake in the Angolan Catoca project, according to a report by the Russian company. "The considerati...