Russia: ChMK net profit down in 2018
In 2018 Chelyabinsk Iron and Steel Works received 4.276 billion rubles of net profit, down by 21% YoY. In 2017 the net profit was 5.4 billion rubles, while in 2016 – 15 billion rubles. Revenue in 2018 grew by 5%, to 124.27 billion rubles. Sales profit increased from 7 billion rubles to 13 billion rubles.…