In 2017 Asha Iron and Steel Works received 387.3 million rubles of net loss as calculated under Russian Accounting Standards, as opposed to the net profit of 98.51 million rubles in 2016.
In Q4 2017 AMZ received 759 million rubles of losses, as opposed to 19 million rubles of net profit in Q3.
Revenue in Q4 2017 remained on the previous quarter level – 5.63 billion rubles.
2017 revenue increased by 18%, to 22.4 billion rubles. Sales profit grew by 2%, to 1.46 billion rubles. (Ukrainian metal)