A sight decrease in VIZ-Stal’s revenues against the previous quarter has to do with the shrinking sales of transformer steel rolled products, which, in its turn, results from the fact that the sale of exported goods was only admitted as such later than expected. The revenues actually went down by 23% in comparison with the second quarter of 2010 due to smaller shipment volumes and lower prices, NLMK Group’s press service reports.

At the same time, the sales revenues grew by 12% mainly due to cutting down on managerial expenses.

The company’s net profit rose by 64%, partially thanks to reducing all the other outgoings (and to the exchange rate fluctuations).