Chelyabinsk Zinc posts 471 mln rbls Q1 net profit

Chelyabinsk Zinc Plant, Russia’s largest maker of the metal, posted an IFRS first quarter net profit of 471 million rubles ($16.88 million), up 3 percent year-on-year, the firm said on Wednesday.

Revenue grew 17 percent to 3.1 billion rubles. Gross margin increased by 8 percent in the first three months of 2011 to 853 million rubles, while pre-tax profit amounted to 578 million rubles, a 5 percent growth year-on-year.

EBITDA rose 3 percent to 774 million rubles. Cost of sales increased 21 percent to 2.3 billion rubles.

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