Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Yesterday

GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

ALROSA’s Share Price Might Reach RUB 50 in 2014

16 april 2014

OJSC ALROSA announced consolidated financial statement for the 2013.
“The results were generally in line with our expectations and even exceeded them in part of profit,” – according to comments by BFA Bank analysts, published on the website Finam.ru.
The company’s revenue in the 4th quarter of 2013 remained within the level of the same period of the prior year. For the second consecutive year ALROSA posted increase in revenue at the end of the year amid growing demand for diamonds. For the whole year sales volume increase secured 11.5 per cent growth of revenue despite the downturn in the Summer months.
However it is noteworthy that sales costs posted outstripping growth rate with the cost of sales in 2013 growing by 19% year on year, mainly amid sales volumes expansion; the cost of diamond production has also grown (+12%) for similar reasons.
ALROSA’s EBITDA for the 4th quarter of 2013 increased by 30%, year-on-year basis, due to higher operating income and decline of other operating expenses.
As was previously expected, other expenses decreased mainly due to a reduction in social spending. EBITDA margin also increased as compared to the level of the previous year.
Net profit for 2013 decreased slightly due to the weakening of the ruble and the increase of exchange losses due to the revaluation of the loan portfolio, denominated in foreign currency.
“We are upbeat about ALROSA’s financial statement and reaffirm our positive outlook for the company. Upside potential for ALROSA’s shares is quite high, and given favorable external background in 2014 the benchmark of RUB 50 per share may be achieved,” the analysts concluded.