News17 Jun 2010 08:32
NEWS RELEASE
For Immediate Release - June 17, 2010
Chelyabinsk Zinc Plant Announces IFRS Results For the Three Months Ended March 31, 2010
Chelyabinsk, Russia - June 17, 2010 - Chelyabinsk Zinc Plant (LSE, RTS, MICEX: CHZN), Russia's largest producer of zinc and zinc alloys, is pleased to announce its IFRS financial results for the three months ended March 31, 2010 (Unaudited accounts).
1Q 2010 HIGHLIGHTS
· Chelyabinsk Zinc Plant's (CZP) revenue for the 1Q2010 totaled RUB 2,685 million compared to RUB 1,565 million for the same period last year.
· 1Q2010 EBITDA amounted RUB 752 million and was equivalent to 28% of revenue compared to an EBITDA of RUB 154 million, equivalent of 10% of 1Q2009 revenue.
· Net profit for the 1Q2010 was RUB 458 million compared to RUB 224 million loss for the 1Q2009.