Kazakhmys profits up 55 per cent

first_imgTuesday 29 March 2011 3:13 am whatsapp alison.lock Show Comments ▼ Kazakhmys profits up 55 per cent Share whatsapp Tags: NULL More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Copper miner Kazakhmys has seen pre-tax profits jump by 55 per cent in 2010 as surging commodity prices boosted its revenues.Pre-tax profit rose to $1.59bn (£994m) from $1.03bn in 2009, while earnings per share nearly tripled to $2.72 per share from $1.04 in 2009.Group earnings before earnings before interest, taxes, depreciation, and amortisation came to $1.93bn, including subsidiaries and joint ventures, as it gained “significant benefit from higher metals prices”, it said.“During 2010 demand for industrial metals, such as copper and zinc, was mainly driven by the recovery in the world’s major economies. The robust demand growth led to stronger commodity prices, in particular, copper,” said chief financial officer Matthew Hird in a statement.“As a result of the improved metal prices, revenues from continuing operations were $833 million higher than 2009 at $3,237m for the year.” last_img read more