Russia's Polymetal reports H1 net income of $100 mln

MOSCOW Wed Aug 27, 2014 2:33am EDT

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MOSCOW Aug 27 (Reuters) - Russian gold and silver miner Polymetal reported on Wednesday a $100 million net profit for the first half of 2014, compared to a year-ago loss of $255 million.

The company also said its revenue edged up 1 percent to $727 million as it offset lower prices with higher volumes of gold equivalent sold. (Reporting by Maria Kiselyova; Editing by Polina Devitt)

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