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Russia's Chelyabinsk Zinc 9-mo net profit down 56 pct
December 21, 2012 / 7:41 AM / in 5 years

Russia's Chelyabinsk Zinc 9-mo net profit down 56 pct

MOSCOW, Dec 21 (Reuters) - Chelyabinsk Zinc Plant , Russia’s largest producer of zinc and zinc alloys, said on Friday its nine-month net profit fell by 56 percent, year-on-year, to 506 million roubles ($16.49 million) due to lower prices.

Revenue totalled 9.6 billion roubles, down 2 percent. The average LME zinc price decreased by 15 percent for the period, while lead price fell by 21 percent, the company said.

$1 = 30.6842 Russian roubles Reporting by Polina Devitt; Editing by Maria Kiselyova

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