At the annual meeting on June 25, the shareholders of Chelyabinsk Zinc Works decided not to distribute the 2018 profit and not to pay dividends.
The profit will be spent to finance the company investment programs.
Last year ChTZ decreased net profit 3-fold YoY, to 1.8 billion rubles.
The decrease is due to the company spending some 3 billion rubles on the development of its asset in the Altai region – Korbalikhinskiy Mine. (Ukrainian metal)