Aurubis Bulgaria net earnings at 139.8 mln euro in FY 2012

The company provided no comparative figures. It said in a report published on its website that net earnings are based on the IFRS reporting package since statutory or a country-specific financial statement are not yet available.

In fiscal 2012, a total of 1.0 million tonnes of copper concentrates were processed at the company's smelter in Pirdop, located 80 kilometres east of the capital Sofia, unchanged from a year earlier.

The cathode output at the Pirdop site amounted to 227,000 tonnes over the review period compared to 221,000 tonnes in the previous year.

Aurubis’ capital expenditures in Bulgaria reached $30.6 million (23.4 million euro) in the period under review, up from $10.2 million a year earlier. In 2011, the company launched a 44.2 million euro investment programme, which aims to raise both the productivity and the environmental safety of its Bulgarian-based plant.

Aurubis (www.aurubis.com) operates in Germany, Belgium, Bulgaria, Italy, Switzerland, Britain and Slovakia. A total of 798 people work for the company in Bulgaria.

($ = 0.7655 euro)