Metallurgical company of Magnitogorsk makes 3,626,687 million RUR less in net profit than in 2004
Metallurgical company of Magnitogorsk made 29,819,793 million RUR in net profit in 2005, which is 10.84% (3,626,687 million RUR) less than a year earlier.
The company reports that the decrease was caused by the prime cost going up faster than the sales profits, which in turn had been caused by the increase in raw and fuel energy prices.
The company reports that the decrease was caused by the prime cost going up faster than the sales profits, which in turn had been caused by the increase in raw and fuel energy prices.
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