In January-March KMAruda decreased net profit 1.5-fold YoY, to 358 million rubles.
According to the company report, the decrease has to do with the drop of revenue from iron ore concentrate sales by 4%.
In Q1 the profitability was 50.1%, down by 24.6% YoY, as the price increased by 5%, but the prime cost of concentrate – by 22%. (Ukrainian metal)