Yekaterinburg non-ferrous metals plant experiences large net profit drop
The Yekaterinburg plant's net profit dropped from $28.185 million in the first quarter of 2011 to $2.39 million in first quarter 2012. Revenue dropped 3.7 fold from $40.886 million to $11.038 million while sales profit dropped 5.81 fold from $35.629 million to $6.124 million, SteelGuru reports.
OJSC Yekaterinburgskiy Zavod Po Obrabotke Tsvetnykh Metallov provides consumers with processing, manufacturing and refining services that create products from precious metals. Products include 256 alloys and 100,000 standard sizes of items used in technical fields.
Net profit for the plant rose two fold from $22.207 million in 2010 to $43.652 million in 2011. During that same time period, revenue grew 75 percent from $49.032 million to $85.7 million and sales profit grew two fold from $28.077 million to $57.824 million. Additionally, pre-tax profit rose between 2010 and 2011 by 2.5 fold from $24.735 million to $61.482 million, according to SteelGuru.
The company has an authorized capital of $12,739 that is represented by 1,658,268 common shares with a value of $0.0077 per share. Indestikoplaz Trading Limited, a Cyprian company, is the major shareholder of the enterprise.
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