Net profit of Polymetal, in I half-year declined by more than twice
September 30, 2009 – 11:21 pmmanufacturer of precious metals “Polymetal” has received $19 million net profit for the US GAAP on the results of I half-year. This is a 56% lower than in the I half of 2008 ($43 million).
company’s revenues declined by 15% to $220 million, versus $259 million a year earlier.
“Financial results for the first six months of 2009 show a considerable stability of our business in a situation of global financial crisis”, – said Vitaly Nesis, Polymetal CEO, commenting on these results.
JSC Polymetal — leading companies mining precious metals. “Polymetal is Russia’s largest and third largest primary silver producer and ranks fourth in terms of gold production in Russia.
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