The Ukrainian Metal

Russia: KZOTsM losses up in 2019

In 2019, Kirov Non-Ferrous Metals Processing Works received 641.2 million rubles of net losses, up 4-fold YoY.

Until 2017, the company was demonstrating profit. Thus, in 2016 it received 1030 million rubles of net profit.

Revenue in 2019 totaled 8.77 billion rubles, down by 4% YoY.

Sales profit grew 2-fold, to 107 million tons. (Ukrainian metal)

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