TBZ plans on launching Rs 200 Cr IPO

The company will launch an initial public offer on April 24

Post By : IJ News Service On 18 April 2012 6:58 PM
The financial register at Alrosa has been indicating an overall decrease in earnings for the first six months of 2008. Revenues have dipped by 7 percent amounting to 31.5 billion rubles ($1.3 billion), as per Russian Accounting Standards, reports add. The gross profit too dipped by 17 percent and clocked 14.8 billion rubles ($609.3 million), while net profits slipped by a massive 40 percent to 3.4 billion rubles ($141 million). Last year the company generated a net profit worth 5.8 billion rubles ($238.8 million) in the same six months. %% Alrosa is implementing an anti-money laundering regulation from October 1, 2008.

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