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Rusolovo reduced net loss by 5,6% in 2020

Rusolovo reduced net loss by 5,6% in 2020
Photo: rus-olovo.ru

PJSC Rusolovo, operating in the Khabarovsk Territory, at the end of 2020 reduced its net loss by 5,6% compared to 2019. The amount of losses amounted to 631,28 million rubles.

According to the portal NEDRADV, it was possible to reduce losses due to increased sales of tin concentrate. The total revenue amounted to 2,7 billion rubles, which is 32,8% more than in the previous year.

The products were sold to three customers in Russia, as well as in Malaysia and China. About 39% of tin concentrate was exported. Also in 2020, Rusolovo began producing copper concentrate. The proceeds from this type of activity amounted to 53,91 million rubles.

At the same time, the company continues investment programs to expand the capacity of the Solar Concentrator in the Khabarovsk Territory. Also in the region, a new mining and processing plant is being built on the basis of the Pravourmiyskoye field.

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