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Chelyabinsk Zinc Plant Puts Blame for Losses on 2013 Meteor
4.05.2014 09:59
Chelyabinsk Zinc Plant Puts Blame for Losses on 2013 Meteor
Photo Credit: Nikolay Seredin / RIA Novosti

JSC Chelyabinsk Zinc Plant, Russia’s largest zinc producer, has posted a net loss of RUB 208 million, inter alia citing the effects of the last year’s meteor crash.

      According to an official statement, “the expenses for rectification of the consequences from meteorite explosion in 2013 amounted to RUB 51 mln”.

      In February 2013, the Chelyabinsk Region was struck by a surprise meteor which exploded in the sky and smashed the windows in many apartment blocks and public buildings.

      Chelyabinsk Zinc Plant was one of the facilities hit by the shock wave. Its shares dropped 2.5 percent that day.

      Among other financials, Chelyabinsk Zinc Plant reported a revenue of RUB 13,062 million and an EBITDA of RUB 1,077 million. The average London Metals Exchange zinc price in 2013 decreased by 2 percent on the previous year to US$ 1,909/tonne, which was somewhat offset by a change in the exchange rate.

      Chelyabinsk Zinc Plant’s Global Depository Receipts are traded on the London Stock Exchange.


Author: Mikhail Vesely

Tags: Chelyabinsk meteor Chelyabinsk Zinc Plant Chelyabinsk region   

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