Kamensk-Uralsk Non-Ferrous Metals Processing Works, a part of Renova, in 2016 received 6.5 billion rubles of revenue, flat YoY. The company net profits decreased 5.6-fold, to 6.1 million rubles.
“Taking into account the stabilization of the market situation in many industries we await positive financial results in 2017. One of our goals is to reach higher output and sales results”, the company CEO Olga Zubina said.
Last year KUZOTsM increased output by 4.1% YoY, to 20.2 thousand tons, with non-ferrous rolled metal manufacture up by 8.2%, to 18 thousand tons. (Ukrainian metal)