ALMOST PLN30 M OF NET PROFIT AFTER 1H2012

Almost PLN 30 mln of net profit after 1H2012

The Impexmetal Group has obtained over PLN 1.33 bld of revenues in 1H2012. Net profit has amounted to  almost PLN 20 mln and operating result has amounted to almost PLN 53 mln.

1H2012 results of the Impexmetal Capital Group

In 1H2012 the Impexmetal Group has obtained operating profit in the amount of PLN 52.8 mln and net profit attributable for the equity of the parent in the amount of PLN 34.1 mln.

„The first half of 2012 was a difficult period for the entire Group. Enormous prices demands from clients together with unstable demand on the European markets do not allow us to repeat last year’s, records results in the whole activity of Impexmetal”  - comments Małgorzata Iwanejko, CEO of Impexmetal. „Increase of sale has been noted in the Zinc and Lead Segment. At the same time ZM Silesia has continued expansion on the new markets” – adds the CEO of Impexmetal.

The Capital Group is a subject to  fluctuations of metal prices on the London Metal Exchange (LME). In the said period we have faced  decrease of the average prices of all metals from 14 % to 21 %. This has resulted in obtaining lower revenues by 10 % in the comparison with 1H2011, which amounted to PLN 1.33 bln.

Zinc and Lead Segment has noted increase of sale by 7.6 %, in the remaining segments the Group has noted decrease of sale. Nevertheless the level of sale obtained by all companies of the Impexmetal  Group was lower only by 3 % from the records result in 1H2011.

It was sold totally 92.8 th. t of products, out of which ca 50 % was export, mainly on the European markets.

„We will  focused on quantity enlarging as well as improving of processing premiums, particularly in aluminium segment. What we try to achieve is to get better prices of raw materials in lead segment, which  will deeply influence on the gained margins” -  says Małgorzata Iwanejko.

Results (PLN’th)

Impexmetal Group                                                                       01-30.06.2012                   1.01-30.06.2011

Revenues on sale                                                                          1 329 506                             1 460 144

Operating profit                                                                                 52 837                                  86 793

Net profit                                                                                          29 664                                  63 685

Net profit for the equity of the parent                                                   34 128                                  64 865