MOSCOW – Alrosa, the world's largest producer of rough diamonds, said third-quarter net profit has halved to 12.95-billion roubles from the year-ago period, caused by losses related to a flooded underground mine.
The company said it incurred losses worth 7.38-billion roubles from the flooded mine Mir.
The profit for the period fell from 26.6-billion roubles earned in July-September 2016, while sales declined to 58.9-billion roubles from 68.9-billion roubles.