Kazakh mining company Kazakhmys Plc has announced that in 2013 it recorded a net loss of $2.032 billion, compared to a net loss of $2.270 billion in 2012.
In 2013, the company's revenues fell by 7.6 percent to $3.099 billion as compared with $3.353 billion in 2012, while its EBITDA was $1.149 billion as compared with $1.912 billion in 2012. The company said the decrease in its revenues was caused by low metal prices and a lower sales volume, while its costs increased. In 2013, the company recorded a pre-tax loss of $681 million, against a pre-tax profit of $151 million in 2012.
Source:
http://www.steelorbis.com/steel-news/latest-news/kazakhmys-records-smaller-loss-in-2013-815279.htm
