Chelyabinsk Zinc Swings to Profit in First Quarter After Year-Earlier Loss

OAO Chelyabinsk Zinc, Russia’s largest producer of the metal, swung to a profit in the first quarter from a loss a year earlier.

Net income was 458 million rubles ($14.7 million) from a loss of 224 million rubles in the first quarter of last year, the company said in a statement today. Sales rose 72 percent to 2.68 billion rubles.

To contact the reporter on this story: Maria Ermakova in Moscow at mermakova@bloomberg.net

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