Kazakhmys 2011 Net Profit Down 36% to $930 Mln

International mining company Kazakhmys PLC saw its 2011 net profit drop 36 percent year-on-year to $930 million, the firm said in a statement on Tuesday.

The Kazakhstan-based company, listed in London and Hong Kong and included in the FTSE 100 Index, saw revenues rise 10 percent to $3.563 billion last year from 2010.

EBITDA rose 3.2 percent to $2.925 billion, while capital expenses increased two percent to $679 million.

The company’s copper concentrate production edged down 9.8 percent to 304,900 tons in 2011. Copper output in cathode equivalent fell 1.8 percent to 300,500 tons, while gold production grew 11 percent to 150,800 ounces and silver production rose seven percent to 13.137 million ounces.


Leave a comment