GV Gold, one of the top ten gold producers in Russia, also known as Vysochaishy, said its net profit amounted to RUR2.429bn ($82.9mn, or (EURO)62.15mn) in 2011, up 35.8% year-on-year.

Its 2010 net profit was RUR1.789bn, the company said in its financial statement prepared to Russian Accounting Standards.

The company’s revenue rose 45.1% to RUR6.360bn, sales increased 31.8% to RUR3.523bn from RUR2.673bn in 2010, and the gross profit went up 35.5% to RUR3.999bn.