March 28, 2018 / 6:11 AM / 5 months ago

BRIEF-Petropavlovsk 2017 Profit For Period Up At $41.5 Mln

March 28 (Reuters) - Petropavlovsk Plc:

* 2017 GROUP REVENUE UP 9% TO US$587.4M (2016: US$540.7M)

* SAYS 2017 UNDERLYING EBITDA IN LINE WITH 2016 AT US$196.8M, (2016: US$200.1M)

* 2017 PROFIT FOR PERIOD WAS US$41.5M COMPARED TO US$31.7M IN 2016

* SAYS IN 2017 REDUCTION IN YEAR-END NET DEBT BY US$14M TO US$585M (31 DEC 2016: US$599M)

* PRODUCTION: 2018 GOLD OUTPUT IS FORECAST BETWEEN 420-460KOZ

* MALOMIR FLOTATION: PLANT EXPECTED TO BE COMMISSIONED IN Q2 2018

* SAYS 2108 CAPEX ESTIMATED AT $105MLN Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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