Vimetco the producer of aluminium products reports for the year to end of December 2011 with sales higher by 18% compared to 2010.
Also EBITDA of USD 426 million, representing a 34% increase over the 2010 level and gross profit of USD 358 million, up from USD 295 million in 2010.
However the company posted a net loss of USD 75 million, compared to USD 14 million (restated), in 2010
Vitaliy Machitski, Chairman of the Board, said:"In 2011, we continued implementing our long-term investment strategy, creating new production capacities in China, upgrading and extending our European and African assets and pursuing further consolidation, increasing our existing production capacities, extending the list of our high added value products and securing the necessary raw materials and power resources."
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