07 апреля 201118:20
MMK’s net profit goes up 6%
UrBC, Magnitogorsk, Chelyabinsk Region, April 7, 2011. Magnitogorsk Iron & Steel Works (MMK) came up with a financial performance report for the year 2010. The report was prepared in accordance with the International Accounting Standards. The company’s revenues reached $7,719m last year, which was 52% better than a year earlier. The net profit rose by 6% and amounted to $322m. EBITDA reached $1,606m, which exceeded the figures for the year 2009 by 23%. The EBITDA margin came to 21%. MMK Group’s share of high value-added goods increased from 27% in 2009 to 34% in 2010 against the