CZP earnings fall despite rise in revenues

Thursday, 26th April 2012

Revenues at Russia zinc and zinc alloys producer Chelyabinsk Zinc Plant rose 10% to RUB12,772m in the year to the end of December.

But earnings before interest, tax, depreciation and amortisation fell to RUB2,194m - 17% of revenues - down from RUB2,817m or 24% of revnues last time.

Net profits fell by 27% to RUB1,038m due to higher-than-anticipated growth of cost of sales.

Story provided by StockMarketWire.com

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