SG:Chelyabinsk Zinc posts H1 2011 net profit of RUB 866 million
Russian zinc producer, Chelyabinsk Zinc has posted H1 20110 net profit of RUB 866 million under IFRS.
The net result is up 28% from the H1 2010 net profit of RUB 678 million as EBITDA climbed 8% YoY to RUB 1.508 billion on the back of a 17% rise in revenues to RUB 6.445 billion.
The company said that the figures reflected a rise in global zinc prices offsetting a rouble appreciation against the US dollar during the first part of the year with lead concentrate revenues up 42% YoY to RUB 297 million.
