Q1 2019 Polyus PAO Earnings Call Transcript
Ladies and gentlemen, welcome to Polyus' First Quarter 2019 Financial Results Conference Call.
I'll hand over to your host, Mr. Victor Drozdov, Head of IR. Sir, please go ahead.
Thanks a lot. Hi, everyone. Welcome to our conference call on our financial results for the first quarter 2019. Today, with us, we have our CEO, Mr. Pavel Grachev; and our CFO, Mr. Mikhail Stiskin, who will provide you some financial comments on our financial results for the period. With -- after those comments, we'll proceed with the Q&A session.
With this in mind, I will give the floor to our CEO. Pavel, the floor is yours.
Thank you for joining the call. In the first quarter, Polyus once again delivered solid results with the reported revenues of $751 million, a 3% decline compared to the previous quarter. This mainly reflects lower sales in flotation
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