Home / Knowledge / News / Fashion / ALROSA registers 12.5% growth in 9-months

ALROSA registers 12.5% growth in 9-months

Nov '05
Executive Board of Russian diamond maker ALROSA Co Ltd held its regular meeting under the chairmanship of ALROSA President Alexander Nichiporuk in Moscow held on 17th November 2005.

The Board discussed the operational and financial results for the nine months of 2005.

The gross revenue amounted to RUR 55 billion 686.9 million (16.2 Percent more compared with the same period in 2004). Rough diamond production amounted to USD 1 billion 292.2 million (3.9 Percent more compared with the nine months of 2004).

Core product sales amounted to USD 1 billion 752.91 million (18.2 Percent more compared with the same period in 2004), including rough diamond sales of USD 1 billion 644.7 million (18.8 Percent growth compared with the same period in 2004), polished diamond sales of USD 108.21 million (10.3 Percent growth).

In January-September 2005 the share of the domestic market sales shrank, with the decrease of supply of rough diamonds that are uneconomic to cut in Russia and as such not in demand with Russian manufacturers. At the same time the quality of the goods sold domestically improved.

Net profit for nine months amounted to RUR 10 billion 645.6 million (12.5 Percent more compared with the same period in 2004).

The exploration targets for all major directions were attained. Self-financing of exploration by ALROSA amounted to RUR 1 billion 438.1 million (35.3 Percent more than in 2004). RUR 1 billion 799.7 million was spent by the Company on technical modernisation and re-equipment.

Must ReadView All

Pic: Shutterstock

Textiles | On 20th Feb 2020

An Industry Goes Viral

When the novel coronavirus, now called COVID-19, was first detected...

Pic: Shutterstock

Textiles | On 20th Feb 2020

Rising global import of sacks and bags

Overall trade of sacks and bags (for packaging of goods) has been...

Pic: freemind-production / Shutterstock.com

Retail | On 20th Feb 2020

Authentic Brands announces acquisition of Forever 21

Authentic Brands Group (ABG), a global brand development, marketing,...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Awen Delaval, Samatoa

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Lin Jing,

Lin Jing

Jiangsu New Victor is a Chinese mechanical equipment manufacturing...

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search