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. Last Updated: 07/27/2016

Ore Mill's Profits Rise

MOSCOW -- The Mikhailovsky nonferrous ore-dressing mill, which is affiliated to Rossiisky Kredit, expects to double its income for 1999 to around 650 million to 680 million rubles ($24.2 million to $25.3 million), Prime-Tass reported Wednesday.

A spokesman for the company in the Ural Mountains said the business had considerably improved its position this year f its profitability almost doubled compared to last year, the average wage at the enterprise rose to 2,800 rubles from 1,380 rubles ($104 from $51), production costs have lowered considerably and have been optimized, Prime-Tass said.