In January-March the largest pig iron manufacturer of Russia – Tulachermet – received 469.2 million rubles of net losses against the net profit of 147 million rubles in Q1 2016.
According to the company statement, its income increased by 53%, to 10.966 billion rubles, sales losses totaled 1.14 billion rubles.
In September Tulachermet will put into operation the new iron and steel works valued at 43 billion rubles.
In 2016 the company increased net profit 7.11-fold, to 1.8 billion rubles, its income went up by 15%, to 34.57 billion rubles. Sales profits decreased by 30%, to 1.39 billion rubles. (Ukrainian metal)
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