In Q3 Tulachermet, the largest pig iron manufacturer in Russia, received 223.5 million rubles of net profit.
According to the company statement, Q2 saw the net loss of 427 million rubles.
In January-September the net loss totaled 672.6 million rubles as opposed to 1.6 billion rubles of net profit in 9 months of 2016.
Revenue in Q3 reached 10.93 billion rubles, down by 12% QoQ, and 34.37 billion rubles in 9 months, up by 36% YoY. (Ukrainian metal)