Polyus Q3 net profit falls, capex doubles on Natalka construction

Russia’s top gold producer, Polyus, on Thursday reported a 5% drop in third-quarter net profit to $371-million, reflecting the impact of a gain on derivatives and investments in the prior period, as well as finance costs. The company, which is listed on the LSE, said adjusted net profit increased by 1% year-on-year to $298-million, while adjusted earnings before interest, tax, depreciation and amortisation rose by 7% year-on-year to $475-million.