In 2017 Marganets Mining and Processing Works received 811.254 million UAH of net profit, as opposed to 882.735 million UAH of net losses in 2016. Undistributed profit last year totaled 575.906 million UAH. The company current liabilities decreased by 14.4%, to 1142.244 million UAH, and fixed liabilities – by 36.7%, to 353.212 million UAH. At…
Marganets Mining and Processing Works and Ordzhonikidze Mining and Processing Works resumed their operation. According to the executive director of Association of Ukrainian Ferroalloy Producers Sergey Kudryavtsev, the operation of the companies stopped in December 2015. In March OGOK produced 7.2 thousand tons of manganese concentrate, while MGOK output totaled 46.4 thousand tons. (Ukrainian metal)
In 2015 Marganets Mining and Processing Works received 6.69 million UAH of net profits, up by 21.19% YoY, or by 1.17 million UAH. Net income went up 3.6 times YoY, or by 1.33 billion UAH, to 1.84 billion UAH, the company reported. This year MGOK intends to mine 484 thousand tons of beneficated manganese ore…
Marganets and Ordzhonikidze Mining and Processing Works have been idle since the year start. This is explained by the drastic fall of manganese concentrate and sinter demand fall – the works simply cannot sell their products.
In 2014 Marganets Mining and Processing Works (Dniepropetrovsk region) received 5.55 million UAH of profits.
