Seligdar PJSC (MOEX: SELG), a Russian gold and tin producer, published interim unconsolidated financial statements under RAS for the nine months ended September 30, 2024. The unconsolidated financial statements do not include the operating results of the main mining divisions of Seligdar PJSC.
- For the nine months of 2024, PJSC Seligdar's revenue amounted to RUB 1,087 million.
- Gross profit margin for the 9 months of 2024 remained at the level of the previous year and amounted to 5%.
- For January-September 2024, PJSC Seligdar received dividends in the amount of RUB 8,262 million.
- Dividends accrued to shareholders of PJSC Seligdar in the amount of RUB 6,180 million.
Revenue
For 9 months of 2024, revenue from sales of Seligdar PJSC decreased by 1% and amounted to RUB 1,087 million compared to RUB 1,096 million in January-September 2023. The decrease is due to the completion of the contract for the provision of comprehensive services for JSC Lunnoye. PJSC Seligdar does not hold licenses for the extraction of minerals and does not carry out activities in the production of precious metals.
Dividends
In January-September 2024, PJSC Seligdar received dividends in the amount of RUB 8,262 million, for the same period in 2023 RUB 2,659 million. Dividend payments were made by subsidiaries: Ryabinovoye LLC and Samolazovskoye LLC. Based on the results of 9 months of 2024, PJSC Seligdar accrued dividends in favor of shareholders in the amount of 6,180 million rubles, dividends were paid in June and October of this year.
Other income and expenses
Based on the results of other activities for 9 months of 2024, the total other expense amounted to 14,189 million rubles, compared to the total other income of 24,915 million rubles received in 2023. Other income and expenses are mainly represented by changes in the market value of shares of PJSC Rusolovo, which are part of the financial investments of PJSC Seligdar. Based on the results of the revaluation, the market value of shares of PJSC Rusolovo for January-September 2024 decreased by 12,718 million rubles, for the same period last year, the growth was 30,052 million rubles.
Key financial indicators, thousand Russian roubles
|
|
9M2024
|
9M2023
|
Change
|
|
Revenue from sales
|
1,087,726
|
1,095,685
|
-1%
|
|
Gross profit
|
51,749
|
52,175
|
-1%
|
|
Gross profit margin
|
5%
|
5%
|
-
|
|
Dividend income
|
8,261,969
|
2,658,885
|
211%
|
|
Other income / (expense)
|
(14,189,331)
|
24,914,721
|
-
|
|
Net profit / (loss)
|
(5,793,168)
|
23,694,497
|
-
|
The unconsolidated financial statements reflect only part of the activities of Seligdar PJSC. All aspects of the activities of Seligdar PJSC are adequately reflected in the consolidated financial statements according to IFRS standards.
