In 2016 Azovstal Iron and Steel Works, a part of Metinvest, received 558.417 million UAH of net profits, as opposed to 1835.472 million UAH of losses in 2015.
According to the company statement, its current liabilities increased by 33%, to 24.95 billion UAH, fixed liabilities – by 25.5%, to 4.819 billion UAH. At the same time, Azovstal increased its accounts receivable by 42.9%, to 18.493 billion UAH.
The company assets cost in 2016 went up by 24.5%, to 58.3 billion UAH, on the other hand its employee’s number dropped by 14.1%, to 10.260 thousand people. (Ukrainian metal)