The Ukrainian Metal

Russia: Nadezhdinsky MZ net profit down in 2019

In 2019, Nadezhdinsky Iron and Steel Works decreased net profit by 37% YoY, to 838 million rubles.

Last year the company was receiving profit each quarter: 285 million rubles in Q1, 217 million rubles in Q2, 169 million rubles in Q3 and 158 million rubles in Q4.

Revenue dropped by 9%, to 22.04 billion rubles.

Sales profit decreased by 43%, to 1.9 billion rubles. (Ukrainian metal)

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