Alrosa Delays IPO

Alrosa said third-quarter profit fell 36 percent from the previous three months as diamond output decreased in the period, with net income falling to 9.26 billion rubles ($291 million) from 14.6 billion rubles in the second quarter. The company also said Thursday that it was postponing plans for an IPO while the government reviews privitization plans for the comign years.

(Bloomberg)

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