Arab Today, arab today chelyabinsk zinc first half net profit up 28
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Arab Today, arab today
Arab Today, arab today

Chelyabinsk Zinc first half net profit up 28 %

Arab Today, arab today

Arab Today, arab today Chelyabinsk Zinc first half net profit up 28 %

Moscow - Ria Novosti

Chelyabinsk Zinc Plant, Russia\'s largest maker of the anti-corrosive metal, saw its first half 2011 net profit jump 28 percent year-on-year to 865.945 million rubles ($27.55 million) to IFRS, the company said on Wednesday. The company\'s revenues grew 17 percent in January-June 2011 to 6.445 billion rubles. The company\'s gross profit increased 10 percent to 1.778 billion rubles in the first six months of 2011 while pre-tax profit grew 23 percent year-on-year to 1.077 billion rubles. First half EBITDA rose 8 percent to 1.508 billion rubles from 1.397 billion rubles. The cost of sales grew to 4.667 billion rubles from 3.919 billion rubles.

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