Krastsvetmet performance indicators for the first quarter of 2015
Krastsvetmet’s revenue amounted to 14.7 billion rubles, which was 6% up on 2014. As a result of operations, the Company’s net income increased by 1.3 billion rubles, reaching 1.6 billion rubles.
The Company’s Refinery Division produced 26 tons of PGM, 34 tons of gold and 108 tons of silver. The Division’s product revenue amounted to 12.7 billion rubles, which was 11% up on 2014.
The Jewelry Division produced 1.0 tons of gold jewelry and 0.6 tons of silver jewelry. The Division’s product revenue decrease receded from the 2014 first quarter by 34% and amounted to 1.3 billion rubles.
The Industrial Appliances Division produced 0.6 tons of PGM products, 0.8 tons of silver products. The Division’s product revenue amounted to 0.6 billion rubles, which was 25% up on 2014.
Over the first quarter of 2015 the Company allocated 791 million rubles to investment projects (+170%).