Cheliabinsky Zinc Plant BOD affirmed the 2014-budget at the sitting Dec. 23, the company informed.
Besides, the 2014-investment program in the volume of 1.682bn rub. was approved; 1.448bn rub. being invested in the development.
In 2014 the Plant is going to produce 165ths ton of zinc and zinc alloys.
Nova Zinc (operator of Akzhal zinc field in Kazakhstan) relies upon 36ths ton of zinc in 2014.; The Brock Metal Company Limited as a sub - 26.6ths ton of zinc including 25.4 ton of zinc alloys.
Cheliabinsky Zinc Plant (TIN 7448000013) is the largest metal zinc producer in Russia. The share capital is equal to 54.195mln rub. split in 54195410 common stocks of 1 rub. par. In Sep. 2009 Arkley Capital S.a`r.l. (Luxemburg) sold 100% in NF Holdings B.V. keeping, in its turn, 58% in CHTSZ to Uralskaya Mining Metallurgic Company and Russian Copper Company. The common stocks are under trading on RTS; GDRs - on LSE.
The 9-month 2013-net profit (IAS) plunged 3.62 fold to 203.209mln rub. from 735.95mln rub. prior year; revenues increased 1.87% to 9.773bn rub. from 9.594bn rub.; operating profit dropped 3 fold to 221.823mln rub. from 666.15mln rub.; EBITDA - 32.7% to 957mln rub. from 1.422bn rub.; EBITDA margin coming to 2% vs. 8% prior year.
The 9-month 2013 net profit (RAS) declined 3.51 fold to 146.948mln rub. from 516.142mln rub. prior year; revenues moved up 1.88% to 7.981bn rub. from 7.834bn rub.; profit from sales declined to 2.81 fold to 220.846mln rub. from 620.306mln rub.; pretax profit - 3.37 fold to 195.103mln rub. from 657.63mln rub.