Revenues for the I quarter of 2017 amounted to 84.8 billion rubles, an increase of 38% in comparison with IV quarter of 2016 and decreased by 17% in comparison with I quarter of 2016.
EBITDA amounted to 35.2 billion rubles, EBITDA margin was 42%. Net profit amounted to 22.7 billion rubles.
Net cash flow was 34.6 billion, an increase of 4.7 times in comparison with IV quarter 2016 the year and decreased by 42% compared to I quarter 2016 year.
"The results of the I-st quarter of 2017 exceeded the end of 2016 for the full year due to the recovery in demand from the Indian consumers of rough diamonds after a temporary downturn in the result of the currency reform. The negative impact on the Company's margins had a stronger ruble. Separately, I would like to emphasize the success of the program implemented in the Company to control costs, which allowed to keep the growth of production costs at minimum levels ", - said the president of" ALROSA "(PJSC), Sergei Ivanov.
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Sales of jewelery arm of Titan Co. Ltd, which provides for her most significant revenue and profit rose in the third quarter of fiscal year 2017 despite the demonetization in India, and in the last quarter, they increased even more significantly. Moreover, this growth was even more impressive.
Revenue from sales of jewelry Titan rose by 55% in the 4th quarter of fiscal year 2017 compared to the same period of the previous year, providing 82% of the total revenue of the Group. In the third quarter revenues from jewelry sales increased by 15%.
Sales volume increased in the fourth quarter of 37%, whereas in the third - only 4%.
Successful launch of new product lines and marketing campaigns of jewelry with precious stones have contributed to the strong performance, but also the sales base was successful, as evidenced by the previous quarter.
Meanwhile, sales growth was somewhat limited by the need to provide when buying jewelery worth more than Rs 2000 personal tax identification number, as well as the strike of the workers of jewelry segment against the introduction of the excise tax on jewelery products.
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