The report issued by the company said the figure had been higher in 2006 due to the company's sale of Gold Fields shares bought in 2005, and the receipt of revenues and dividends from Gold Fields for 2005.
EBITDA (earnings before interest, taxes, depreciation and amortization) grew 9% to $335 million.
Billionaire Mikhail Prokhorov, who holds around 30% of Polyus Gold shares, told reporters at the 12th St. Petersburg International Economic Forum on June 8 that the company had strong potential, and could become one of the world's top five gold producers.
The tycoon said the company currently has large gold reserves, but lacks sufficient production facilities and needs to build gold processing facilities.
The company's gold output in 2007 reached 37.8 metric tons (1.3 million troy ounces). Production in 2006 was 1.2 million troy ounces.
