Russia: Uchaly GOK profits down in 2016
In 2016 Uchaly Mining and Processing Works, a part of UMMC, received 3.019 billion rubles of net profits, down by 8.5% YoY. According to the company statement, its EBITDA totaled 3.93 billion rubles, down by 5.4%, sales profits – 3.345 billion, down by 41%. The company revenues dropped by 10% YoY, to 21.749 billion rubles,…