In January-June Chelyabinsk Zinc Works received 12.53 billion RUR of profits, up by 4.11% YoY.
The company gross profits dropped by 4% YoY, to 3.64 billion RUR, while its net profits decreased by 40.72% YoY, to 1.85 billion RUR.
According to the company statement, the net profits drop was the result of the zinc and zinc-alloy sales decrease on the local market, as well as the increase in manufacturing and sales expenses and the previous losses of Nova Zink in January-June 2015. (Ukrainian metal)