Recylex back in profit in 2017 on metal price gains, higher output

By Julian Luk / April 13, 2018 / www.metalbulletin.com / Article Link

Lead recycler Recylex swung into profit in 2017, reporting net earnings of ?,?18 million ($22.2 million) thanks to soaring metal prices and higher output, the company said on Friday April 13.

That compared with the annual loss of ?,?10.1 million in 2016, when the company was heavily affected by a fine imposed by the European Commission as a penalty for taking part in a price-fixing cartel."While the rise in metal prices was a key driver, our...

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