Net Profit of Russian Copper Company has Increased 4.4 Times up to $141.98 mln

According to IFRS preliminary estimations consolidated net profit of Russian Copper Company in 2006 equaled to $141.977 mln which is 4.4 more as compared to 2005 ($32.434 mln.)

The accounting income of Russian Copper Company has increased 1.8 times up to $1.034 bln from $571.396 mln, EBITDA - up to $309.34 mln from $107.92 mln while EBITDA profitability has increased up to 30% from 18.89%. In 2007 the company plans to increase the profit up to $170.1 mln, income - $1.2 bln, EBITDA - $393.89 mln. By 2010 net profit of Russian Copper Company may equal to $160.3 mln, income - $1.27 bln, EBITDA - $364.84 mln.

Russian Copper Company a big Russian copper producers ranks among top 3 biggest Russian producers. According to 2006 accounting year the company holds 18% of Russian copper cathodes market. The company produces 180,000 tons of copper cathodes and 105 thou t of copper rods per year. In 2006 enterprises of Russian Copper Company produced 164.1 thou t of cathode copper, which is 33% more as compared to 2005 (122,300 tons). Output of copper rods equaled to 100,330 tons (as compared to 86,480 tons).