Sibirsky Cement’s net profit almost doubled to RUB1.4bn (US$42.9m) in 2011 from around RUB700m in 2010, as calculated in accordance with International Financial Reporting Standards (IFRS), the company said in a statement on Thursday.
Revenue increased by 42 per cent on the year to RUB12bn in 2011, while gross profit rose 52% to RUB6.9bn. EBITDA amounted to RUB3.03bn although no comparison was provided.
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