Chelyabinsk zinc plant announced a reduction in net profit by 3.5 times
Edited by Rhod Mackenzie / 2013-11-14 09:35:31
Chelyabinsk zinc plant Finance Metals and mining Russia Financial results Mechel Shares Russia Metals and Mining Steel Zinc
The Chelyabinsk zinc plant announced a reduction in net profit by 3.5 times to 147 million rubles in January – September 2013. Revenue increased from 7.8 billion rubles to 7.9 billion rubles. Gross profit reduced from 1.59 billion rubles to 1.27 billion rubles. Net profit reduced due to the fall in the price for sulfurous acid by 32%, a growth in salaries, the growth in expenses to technical services and repairs, and the growth in the price of energy resources 14%. One more factor was the growth in expenses to sulfurous acid transporting to the consumers due to the change in the market situation.
