The Ukrainian Metal

Ukraine: Metinvest reports on seized enterprises operation in 2016

Metinvest has revealed the reports on the operation of Yenakievo Iron and Steel Works (EMZ), Komsomolskoye Mine Group and Donetskkoks, situated in the pro-Russia militants controlled territory of Donetsk region.

In particular, EMZ received net profit of 360.483 million UAH in 2016 as opposed to net loss of 544.546 million UAH in 2015.

Komsomolskoye Mine Group ended the year with 20.93 million UAH of net profits (100.503 million UAH of net loss).

Donetskkoks increased net loss by 95.6% YoY, to 28.696 million UAH. (Ukrainian metal)

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