In the face of persistent sanctions stemming from the Russian conflict in Ukraine, Alrosa has recorded a notable 9% increase in sales, reaching RUB 322.57 billion ($3.55 billion) for the year, Diamond World reports.
However, the Russian miner also experienced a 15% decline in net profit to RUB 85.18 billion ($939.3 million).
Alrosa’s recent financial disclosure marks its second comprehensive results statement since March 2022. On both occasions, the company chose not to disclose the specifics of its sales destinations, which traditionally include major buyers like Belgium, the United Arab Emirates (UAE), and India.
