Petropavlovsk EBITDA down 18% to $488 mln, below forecast

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Petropavlovsk EBITDA down 18% to $488 mln, below forecast

MOSCOW. March 28 (Interfax) - Russian gold producer Petropavlovsk saw EBITDA declined 18% to $488 million in 2012, the company said on Thursday.

Analysts told Interfax in a consensus forecast that EBITDA would decline 16.6% to $498 million.

The net loss under IFRS was $243.9 million, up slightly from $240 million in 2011.

Petropavlovsk revenue rose 9% to $1.375 billion compared with the consensus forecast of $1.353 billion.

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