The Ukrainian Metal

Russia: AMZ net profit down in H1 2018

In January-June the net profit of Asha Iron and Steel Works decreased by 120.4 million rubles YoY, to 232.7 million rubles.

Revenue grew to 12.7 billion rubles from 11.1 billion rubles.

The decrease of the net profit was due to the growth of various expenses by 22%.

The company debts dropped to 2.7 billion rubles.

Sales profit exceeded 1 billion rubles. (Ukrainian metal)

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