Petropavlovsk H1 Net Profit Declines 90%

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Petropavlovsk PLC
PPLKY
posted a 90% drop in its first-half net profit. Petropavlovsk's net profit for the period fell to $11.0 million, versus $108.2 million, in the year-ago period. Its revenue climbed 15% to $546.8 million from $475.1 million, while EBITDA rose 10% to $204.1 million versus $186.2 million. Petropavlovsk reiterated its production outlook of 700,000oz for the full year.
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