May 30, 2018 / 6:53 AM / in 5 months

Russian gold miner Polyus posts 51 pct drop in Q1 net profit

MOSCOW, May 30 (Reuters) - Polyus, Russia’s largest gold producer, on Wednesday reported first-quarter net profit of $244 million, down 51 percent year on year because of non-cash items.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to $387 million, up 1 percent from the same period last year, the company added. (Reporting by Polina Devitt Editing by David Goodman)

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