RCC has increased its net profit by 37%

15.04.2016 — News

MOSCOW

Over 2015, Russian Copper Company increased its net profit, excluding exchange rate differences, by 37% to 14.1 billion rubles.

As RusBusinessNews has been informed by Maxim Shchibrik, the RCC Group’s Vice President for Finance and Economics, even at the time of crisis when the world prices for copper are going down, the company is demonstrating steady improvement in its key indicators and is implementing consistent investment policy.

The consolidated proceeds estimated by the Group for 2015 total 74.9 billion rubles (+39%), EBITDA – 26.3 billion rubles (+54%). The devaluation of the ruble was a major contributor to the reduction of costs.

RCC Group produces a fifth of all Russian copper. Last year, the copper cathode equivalent sales totaled 196 thousand tons. The Group also produced more than 53 thousand tons of zinc in zinc concentrate, more than 2.7 tons of gold and 61.6 tons of silver bars. The above output indicators were reached thanks to the major assets of the company – Mikheyevsky GOK in the Chelyabinsk Region and in Kazakhstan.