Russia's Nord Gold Q1 net income down 61 pct y-on-y
MOSCOW May 15 (Reuters) - Russian gold miner Nord Gold said on Wednesday its first quarter net income fell 61 percent to $23 million, year-on-year, due to higher finance costs and a foreign exchange loss.
The company, controlled by businessman Alexei Mordashov, said in April its first quarter revenue increased by 12 percent to $297 million thanks to rising production.
Its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell 7 percent at $106 million.
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