In 2016 Sredneuralsky Copper-Smelting Works, a part of UMMC, increased its net profits 10-fold YoY.
According to the company statement, it received 2.912 billion rubles of profits, as opposed to 300 million rubles in 2015. In 2014 the company reached the highest volume of net losses – 5.2 billion rubles.
Revenues in 2016 increased by 4% YoY, to 18.72 billion rubles.
Sales profits dropped by 2% YoY, to 4.58 billion rubles. (Ukrainian metal)
