Azovstal, an integrated iron and steel works and a subsidiary of Metinvest, finished 9 month 2012 with a net loss of UAH 1.9 billion, which is 10.8 times higher than in the same period of previous year.
Revenue for this period decreased by 27%, to UAH 24.8 billion. Pre tax loss surged by 10.4% YoY to UAH 2.3 billion, while outstanding loss totaled UAH 6.1 million. (Phoenix-capital)