Alrosa - June Sales: Continuing Weakness Heading into Slow Season
Alrosa has published its June sales results. Revenues from rough diamond sales dropped 16% m-o-m and 43% y-o-y to $219.3 mln. This figure is 41% below the June average for the last three years. Total sales for the first six months of this year came in at $1.78 bln, down 32% y-o-y and 30% below the average for the past three years.AK Alrosa PAO. AK Alrosa PAO (Aktsionernaya kompaniya ALROSA PAO or ALROSA Company PJSC), formerly AK Alrosa OAO, is a Russia-based company which is principally engaged in the exploration, mining, manufacture and sales of diamonds. Its operations include five Integrated Mining and Processing Complexes: Mirny, Udachny, Aikhal, Anabar and Nyurba located in the Sakha Republic; sorting divisions and diamond cutting and polishing division. The Company is a member of variable diamonds associations. It operates through several representative offices, branches and subsidiaries, including Alrosa-Nyurba OAO, Almazy Anabara OAO and Severalmaz OAO.
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