SUMZ’s Losses Exceed 200m RUR in 2011

The losses incurred by Sredneuralsky Copper Smelting Plant (SUMZ) in the financial year 2011 came to 207.75m RUR. These data were announced in the course of the recent annual general meeting.

It was decided that the losses should be made up for by using the future profits; it was also decided not to pay any share dividend for the year 2011.


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