August 21, 2018 / 6:14 AM / 4 months ago

Russia's Polymetal says H1 net income up 46 pct y/y

MOSCOW, Aug 21 (Reuters) - Russian gold and silver producer Polymetal said on Tuesday its net income rose 46 percent year-on-year to $175 million in the first half of 2018 due to an increase in production.

The company, part-owned by businessman Alexander Nesis, said its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 19 percent to $305 million. (Reporting by Diana Asonova and Polina Devitt; writing by Polina Devitt; editing by Maria Kiselyova)

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