RCC made more than 5 bln rubles in net profit in the Chelyabinsk Region

03.08.2016 — News

CHELYABINSK REGION

The subsidiaries of the Russian Copper Company (RCC), which are located in the Chelyabinsk Region, assessed the financial performance of the first six months in 2016. The revenue of the Mikheevsky Mining and Processing Integrated Works (GOK), JSC, the Aleksandrinsk Mining Company, OJSC, Karabashmed, CJSC, and the Kyshtym Copper-Electrolytic Plant, CJSC, totaled approximately 20.8 billion rubles.

As RusBusinessNews has been informed by the RCC Press Service, the Mikheevsky GOK made 8.9 billion rubles in revenue. The earnings before tax reached 3.263 billion rubles; the net profit amounted to 2.588 billion rubles.

The revenue of the Aleksandrinsk Mining Company over January-June reached 1.9 billion rubles; the earnings before tax - 218 million rubles; the net profit - 174 million rubles.

Karabashmed made 4.6 billion rubles in revenue, 2.125 billion rubles in earnings before tax and 1.684 billion rubles in net profit.

Over the first six months, the Kyshtym Copper-Electrolytic Plant received 5.4 billion rubles in revenue and 713 million rubles in earnings before tax. The net profit was 565 million rubles.

The Russian Copper Company (founded in 2004) is a vertically integrated holding consisting of 13 companies. The range of operations includes ore mining, smelting, refining, production and sales of copper products and precious metals in bullions. RCC has its copper mining and metallurgical assets in the Urals, in the North-Western Region of Russia and in Kazakhstan. The annual output of RCC’s production facilities totals 200 thousand tons of copper cathodes and 190 thousand tons of copper rod.