ENRC Announces Y2011 Q3 Operations Results
OREANDA-NEWS. November 28, 2011. Eurasian Natural Resources Corporation PLC ("ENRC" or together with its subsidiaries - the "Group") will present today the management's account of preliminary results as of November 2011 and Production report for the third quarter ended September 30, 2011, reported the press-centre of KASE.
Highlights for nine months ended September 30, 2011
- Production of all main commodities was using virtually the entire capacity available. Production of copper and cobalt increased by 40% and 27%, respectively.
- Revenues increased significantly due to higher prices for our main commodities and growing sales. The total financial result was partially made up for by increasing costs.
- The financial position remained strong: gross free cash funds made up USD1.2 bn; the total debt equaled to USD1.5 bn.
- The organic growth program is being carried out in accordance with the plan.
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