In January-March Azovstal Iron and Steel Works received 558 million UAH of net profit as opposed to 1.8 billion UAH of losses in 2015. The company net income increased by 24%, to 32.7 billion UAH. In 2015 Azovstal received 1.8 billion UAH of losses as opposed to 916 million UAH of profits in 2014. (Ukrainian…
The supervisory board of Azovstal Iron and Steel Works has reelected Enver Tskitishvili the company CEO. His office has been prolonged from April 4, till April 2, 2018. In 2016 Azovstal received 558.417 million UAH of net profits as opposed to 1.835 billion UAH of losses in 2015. (Ukrainian metal)
Shareholders of the Azovstal Iron and Steel Works intend to spend all the net profits from 2016 and a part of profit from 2014 to pay dividends. According to the shareholders’ decision, they plan to spend 558.417 UAH of net profit for 2016 (0.13352461 UAH per ordinary share), as well as 915 million UAH of…
In 2016 Azovstal Iron and Steel Works, a part of Metinvest, received 558.417 million UAH of net profits, as opposed to 1835.472 million UAH of losses in 2015. According to the company statement, its current liabilities increased by 33%, to 24.95 billion UAH, fixed liabilities – by 25.5%, to 4.819 billion UAH. At the same…
An employment center for Metinvest workers from the companies on the occupied territories has started operating in Mariupol. According to Azovstal CEO Enver Tskitishvili, the Metinvest staff is a single body, despite territorial spread. Azovstal has already employed the first workers from the Yenakievo Iron and Steel Works. Other Metinvest enterprises do the same. On…
At present Azovstal Iron and Steel Works is operating at 50-55% capacity, but it could drop to 40% in case the railroad blockade is not stopped. According to the company CEO Enver Tskitishvili, the works is not receiving coking coals of the necessary quality, while coke from Russia is expensive – $360 per ton. “Altaikoks…
Rinat Akhmetov’s Metinvest companies have devised a plan to avoid environment control in Mariupol. “Yesterday at noon near the Silpo supermarket on the left bank there was a horrible smell from Azovstal. And so what? It’s Saturday-Sunday. Stationary environment control posts are not operational (because of the weekends). Neither is the mobile laboratory”, a local…
Azovstal Iron and Steel Works planned to increase output in 2017 by 0.8-0.9 million tons, to 4.2-4.3 million tons, but because of the trade blockade of the occupied territories it revaluated the forecast to 3.15 million tons. “If the situation persists and we still operate under the blockade regime, we might not even reach 3…