CEO: Chelyabinsk Zinc Plant plans to finish 2018 without loss

CHELYABINSK, Apr 4 (PRIME) -- Chelyabinsk Zinc Plant plans to finish 2018 without losses, CEO Pavel Izbrekht told reporters on Wednesday.

“Concerning profit of the plant in 2018, it is too early to say, everything depends on prices on the London Metal Exchange… but we plan to work without losses,” Izbrekht said.

The plant’s net profit in 2017 amounted to 5.379 billion rubles, rising 35.7%, as calculated under Russian Accounting Standards (RAS).

Zink output is to amount to 188,000 tonnes in 2018 and 200,000 tonnes in 2019, the CEO said.

(57.5375 rubles – U.S. $1)

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