Ufaleynickel’s net loss goes up more than 475 times in 2011

Ufaleynickel incurred 689.05m RUR of net losses (calculated in accordance with the Russian Accounting Standards) in 2011, which exceeded the figures for a year earlier by 475.2 times, the company reports.

Ufaleynickel’s revenues declined by 9% last year in comparison with the year 2010 and amounted to 8.08bn RUR; this includes revenues stemming from the sales of industrial produce (which went down by 3.8% and reached 6.22m RUR), Kommerant says.

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