top management will present a program to reduce the company's costs

Alrosa expects revenue for the 1st quarter of 2017 at $ 1.25 billion, follows from the presentation of the company to the investor's Day on Wednesday, 22 March.
This is 6% less than the same period of 2016 and 47% more than in the 4th quarter of 2016.
ALROSA diamond prices rose by 2% in January-March 2017, it follows from the presentation. In 2016, they did not change after the fall of 15% in 2015.
In January, ALROSA sold diamonds and diamonds at $ 365.4 million, in February -. A $ 402 million
new president of Alrosa, Sergei Ivanov, who participated in the Investor Day remotely, adding that by the end of summer, top management will present a program to reduce the company's costs.
As can be seen from the presentation, ALROSA in 2017-2026 gg. It plans annual savings of 9 billion rubles in operating costs due to improvements in the process of mining, processing and reduce diesel consumption.
As reported in the Vice-President Investor Day - Chief Financial Officer Igor Kulichik ALROSA, at the end of 2016 the company may pay a dividend 61 billion rubles, if the part of the government will be a directive on the allocation of 50% of net profit.
The dividend policy of ALROSA expects to pay in the amount of 35% of net profit, but last year ALROSA for the first time transferred to shareholders of 50% - in line with the directive of the Government, set this threshold for all state-owned companies at the end of 2015.
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