Petropavlovsk H1 Net Profit Declines 90%

Petropavlovsk PLC (OTC: 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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