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. Last Updated: 07/27/2016

Chelyabinsk Back to Profit

Chelyabinsk Zinc Plant said Thursday that it returned to profit last year, and it plans upgrades to raise capacity.

The producer of the anti-corrosive metal reported net profit of 643 million rubles ($21.9 million) in 2009, compared with a loss of 3.52 billion in 2008.

Earnings before interest, depreciation and amortization were 2.07 billion rubles last year, compared with 10 million rubles a year before.

(Reuters)