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. Last Updated: 07/27/2016

Polyus Profits Miss Forecasts

Polyus Gold missed analyst forecasts by posting a more than fivefold rise in 2009 profit Thursday.

Polyus posted a profit of $323 million in 2009, up from $60 million in the previous 12 months but below the average forecast of $348 million in a Reuters poll.

Revenues rose to $1.23 billion last year from $1.09 billion, roughly in line with the average analyst forecast. Earnings before interest, taxation depreciation and amortization rose 26 percent year on year to $549 million. 

(Reuters)