Company Profile For OAO "Cheliabinskii tsinkovyi zavod"

OAO "Cheliabinskii tsinkovyi zavod" (CHZN.MM) (Moscow Interbank Currency Exchange)

sector: Basic Materials · industry: Mining & Metals - Specialty ·

As of 25 Nov 2009

93.90RUB

Price Change

-1.60

Percent Change

-1.68%

Analyst Recommendations

Overview

Chelyabinskiy tsinkovyi zavod OAO (ChTsZ OAO or Chelyabinsk zinc plant JSC or CZP JSC) is a Russia-based company, which is principally engaged in the production of zinc and zinc alloys. Its product portfolio consists of alloys for galvanizing, indium, cadmium, zinc sulfate, sulfuric acid as well as aluminum, nickel, copper. The production of the Company is used in steel galvanizing, chemical industry and mechanical engineering. The Company is a member of the International Zinc Association-Europe (IZA-Europe) and other associations. The Company has four wholly owned subsidiaries: Sots-Servis OOO, RSO OOO, Nova Holding AG and The Brock Metal Company Limited. ChTsZ OAO is a 57.83%-owned subsidiary of NF Holdings BV.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Chelyabinskiy tsinkovyi zavod OAO's revenue decreased 37% to RUR3.54B. Net loss for the period decreased 85% to RUR135.6M. Revenue reflects unfavorable market conditions and lower demand for the Company's products in Zink and Zink Alloys business segment. Net loss reflects an increase in gross and operating profit margins mainly due to lower exploration and evaluation costs as well as distribution costs.