Ukrainian metallurgical companies extended net pretax loss in Q1 2012

Ukrainian metallurgical companies have increased total net pretax loss in January to March 2012 3.6 times YoY to UAH 5.3 billion.
Companies COGS per UAH 1 of production output has increased from UAH 1.025 in Q1 2011 to UAH 1.124 in Q1 2012, up by 9.7%.
Mr. Vasiliy Kharakhulah, CEO of Metallurgprom, said sector performance had primarily deteriorated in terms of energy costs and railway tariffs growth. (SteelGuru)