The largest pig iron manufacturer in Russia – Tulachermet – in January-June received 896 million rubles of net losses against 147 million rubles of net profit in H1 2016.
Sales income increased 2-fold, to 23.44 billion rubles. In Q2 the company received 427 million rubles of net losses. Earnings in Q2 increased by 14% QoQ, to 12.47 billion rubles.
In 2016 Tulachermet increased its net profit 6.11-fold, to 1.8 billion rubles. (Ukrainian metal)
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