In 2018 Ukrainian Mining and Metallurgical Company decreased net income by 44.6% YoY, to 1.736 billion UAH.
Last year the company received a net loss of 102.747 million UAH as opposed to 149.255 million UAH of net profit in 2017.
The decrease in financial indexes is caused by a long-term decrease of rolled metal price by $100 per ton on average. The decrease started in March 2018.
UMMC was creased in 1998. (Ukrainian metal)