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Ufaleynickel finished I quarter with a profit

Open Joint Stock Company «Ufaleynickel» for the first quarter ended the biennium with a significant positive financial results. BelTA learned from representatives of the company, adding that Russian standards of accounting standards net profit of the company from operations with the nickel was 308 million rubles, while the previous year (for the same time period and for the same accounting standards), the company reported 77.45 million. loss.

For reference: the production capacity of «Ufaleynickel» located in the Chelyabinsk region of the Russian Federation. The company specializes in the production and processing of nickel and has a share of about 1% of the total turnover of this metal in the world market. Prior to the asset management organizations took over the current owner of the company — Highmetals KDS, acting in the interests of Swiss trader Glencore (the deal, the media reported at the end of 2011), joint stock company owned by entrepreneur, policies, and State Duma deputy R. F. Boris Zubitsky.

As reported by journalists, sources close to the management of JSC «Ufaleynickel» a significant increase in profitability of the company in the first 3 months of this year, the leaders of the nickel companies has been achieved through optimization of production that resulted in reduction in production costs, as well as due to the revision of the procurement policy organization.

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