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Petropavlovsk Plc (POG)

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Wednesday 22 February, 2012

Petropavlovsk Plc

IRC 2011 Annual Results

RNS Number : 8785X
Petropavlovsk PLC
22 February 2012
 



 

IRC releases 2011 Annual Results

22 February 2012

Petropavlovsk PLC ("Petropavlovsk" or the "Company") pleased to announce that the Group's 65.6% owned subsidiary, IRC, announced its 2011 Annual Results today.

 

For the full press release, please click on the link below:

 

http://www.ircgroup.com.hk/filemanager/pdf/annual_report_announcement_2011_eng.pdf

 

Peter Hambro, Chairman of Petropavlovsk, commented:

 

"I am delighted to be able to report IRC's maiden profit in this set of results. This is a great credit to the operational and management team. We have beaten our production targets for Kuranakh and construction at K&S is both fully funded and advancing well. This strong performance is further backed by an increase in Reserves and Resources, demonstrating the company's strong growth profile. IRC's position as a developer as well as producer in a unique geographical location makes us confident that the company will unlock value for our shareholders in the years to come."

 

Enquiries:

 

Petropavlovsk PLC

Alya Samokhvalova 

Rachel Tuft

 

 

 +44 (0) 20 7201 8900 

 

 

Merlin

David Simonson

Ian Middleton

 

 

 +44 (0) 20 7726 8400 

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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