Kazakh Metallurgical Company significantly decreases net profit in 2011
Azerbaijan, Baku, March 27 / Trend E. Kosolapova/
Kazakh Metallurgical Corporation Kazakhmys reduced net income from $1.45 billion in 2010 to $930 million in 2011 (a 36 percent decrease), the company reported on Tuesday.
This statement excludes the contribution from ENRC PLC, in which Kazakhmys has a 26 percent shareholding.
EBITDA company's net income rose in this period from $2.835 billion in 2010 to $2.925 billion in 2011.
Kazakhmys reported earlier a 10-percent increase in its sales revenues. The company's sales revenues increased from $3.228 billion in 2010 to $3.548 billion in 2011.
Kazakhmys is a leading international natural resources group with significant interests in copper, gold, zinc, silver and power generation. It is the largest copper producer in Kazakhstan and one of the top worldwide with seventeen operating mines, ten concentrators and two copper smelters.