In 2013, Kazakhmys reduced its loss by 10.5% to $2.032 billion

In 2013, Kazakh mining company Kazakhmys Plc made the net loss in the amount of $2.032 billion against the loss in the amount of $2.270 billion by results of 2012, the company’s press centre reported.

In 2013, the company’s proceeds fell by 7.6% to $3.099 billion as compared with $3.353 billion in 2012. In the reporting period, the company’s EBITDA was $1.149 billion as compared with $1.912 in 2012. The report explains that the decrease in this rate was caused by low metal prices, reduction of sales and increase in costs. By results of 2013, the company made the pretax loss in the amount of $681 million against the pretax profit in the amount of $151 million in 2012. In 2013, the base profit declined to $190 million from $492 million in the previous year.