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20/07/2010
12:46
Yuzhuralnickel reduced net losses.

The IIQ net losses of Yuzhuralnickel (RAS) came to 211.5mln rub. which is 10% less prior year figures- 235.66mln rub., the company informed.

The drop is explained by the increase in the revenues due to the revenues from sales.

Thus, the net losses in IH (RAS) reached 447.16mln rub.
The Plant is included into Mechel Group and is a large nickel maker in Russia. It has 1mln ton in nickel reserves and 90ths ton of cobalt.

The share capital is worth 599.737ths rub. split in 599737 common stocks of 1 rub. par.

The 2009-net profit (RAS) gained 21.512mln rub. against 232.914mln rub. in net losses prior year; revenues declined 14.5% to 7.016bn rub. from 8.202bn rub.


"AK&M", 20/07/2010

 

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