OREANDA-NEWS. December 29, 2010. ALROSA announced Estimated financial results under Russian Accounting Standards for 2010.

Preliminary 2010 results

•           According to preliminary results, CJSC ALROSA's revenue for 2010 exceeds the level of 2009 and the pre- crisis 2008 results.

•           CJSC ALROSA's preliminary 2010 net income increased more than 2.5 times compared to the previous year.

•           ALROSA Group's diamond production in 2010 has reached the level of 34.3 mln ct.

Steady indicators of extraction of diamonds

ALROSA Group has increased total amount of diamond production from 32.8 mln ct in 2009 to 34.3 mln ct in 2010.

Preliminary financial results under Russian Accounting Standards

Based on preliminary results Company's revenue for 2010 is expected to be RUB 96.3 bln, gross profit - RUB 34.7 bln, net income - RUB 6.1 bln.

Revenue and net income over perform pre-crisis levels

•           CJSC ALROSA has increased revenue 1.5 times compared to 2009.

•           In 2010 Company has increased net income 3.9 times compared to the pre-crisis period of 2008 and more than 2.6 times compared to 2009.

•           In 2010 CJSC ALROSA has received the maximum net income for the last three years, reaching the level of RUB 6.1 bln.