Alrosa 2007 Net Profit $598 Mln, Declares $474 Dividend per Share
June 23, 08
Alrosa’s posted a RUB 14.133 billion ($598 million) net profit in 2007, the company revealed Monday. Shareholders approved on Saturday the annual financial statement as well as dividends. The Russian diamond miner will pay an annual divided of about $94.8 million (RUB 2.24 billion) or about $474 per share (RUB 11,200) for 2007. Last March the company disclosed that 2007 diamond production rose 1.6 percent year-over-year to $2.37 billion. According to reports in the Russian press, nearly RUB 11.541 billion (~$488.4 million) will be allocated for fixed investment, RUB 228 million (~$9.65 million) for long-term financial investment and RUB 67.7m (~$2.87 million) for funding geological surveys, research and development and current production.