Good Forecasts For Chelyabinsk Zinc Plant Shares
12.01.2010 — News
Russian stock exchange analysts are nominating shares of the JSC "Chelyabinsk Zinc Plant" as the best securities in the nonferrous metals sector in Russia for 2010. The forecasted decline in prices for zinc will be lower than for the rest of industrial metals which is why this company's shares will perform better than the market.
IC "Finnam" experts announced the improvement of the financial situation of the "Chelyabinsk Zinc Plant" which is now assessed as stable. In the final quarter 2009 zinc prices continued growing at exchanges which first of all was helped by the sustained demand for this metal from Chinese consumers. Financial indicators of the company in October-December might turn out to be the best in 2009.
IC "Finnam" informed RusBusinessNews that according to 2009 results the efficiency of JSC "Chelyabinsk Zinc Plant" on gross profit and EBITDA may come close to the levels of the successful year of 2007 amounting to 30% and 20% respectively.
JSC "Chelyabinsk Zinc Plant" is the largest manufacturer of metallic zinc in Russia. The syndicate of OAO "Ural Mining and Metallurgical Company" and ZAO "Russian Copper Company" is in control of the company since September 2009.
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