MOSCOW, July 23 (RIA Novosti) - Polyus Gold, Russia's largest gold mining company, said on Thursday its net profit calculated to Russian Accounting Standards increased almost 400%, quarter-on-quarter, in April-June 2009 to 1.4 billion rubles ($44.9 million).

Polyus Gold attributed its Q2 net profit growth to the receipt of 2008 dividends from closed joint stock company Polyus.

Headquartered in Moscow, Polyus Gold's operating mines and development and exploration projects are located in five major gold mining regions in Russia - the Krasnoyarsk Territory, the Irkutsk Region (both in East Siberia), the Far Eastern Magadan and Amur Regions and the Republic of Sakha (Yakutia) in northeast Russia.

Polyus Gold, which employs over 12,500 people, produced 38 metric tons (1.2 million ounces) of gold in 2008.