Rostelecom’s Net Profit Goes Down

UrBC, Magnitogorsk, Chelyabinsk Region, September 16, 2010. Magnitogorsk Iron & Steel Works (ММК) carried a financial report for the second quarter of 2010; the report was drawn up in compliance with the International Accounting Standards. MMK Group’s revenue in the second quarter of 2010 rose by 25%, or up to $2,068m against the first quarter of the year. The consolidated EBITDA went up by 17% and reached $437m. ‘Despite the dramatic increase in the raw materials prices in the second quarter and less favorable market opportunities, our EBITDA margin still looked good at 21.1% starting

Magnitogorsk Iron & Steel Works (ММК) carried a financial report for the second quarter of 2010; the report was drawn up in compliance with the International Accounting Standards. MMK Group’s revenue in the second quarter of 2010 rose by 25%, or up to $2,068m against the first quarter of the year. The consolidated EBITDA went up by 17% and reached $437m. ‘Despite the dramatic increase in the raw materials prices in the second quarter and less favorable market opportunities, our EBITDA margin still looked good at 21.1% starting June 2010,’ the report states. As for the profits, they

The revenues of OAO Novolipetsk Iron & Steel Works (NLMK) decreased by 10.87% in the first quarter of 2010 compared with the last quarter of 2009 and thus amounted to 35.2 billion RUR. The company reports this was because of the seasonal drop in demand and therefore in sales. On top of that, the growing raw materials prices and the increased fees charged by the natural monopolies for their services exerted additional pressure on the company’s gross profit. The gross profit actually went down by 26.62%, from 13.59 billion RUR in the last quarter of 2009 to 9.97 billion RUR in the first

UrBC, Chelyabinsk, August 13, 2010. OAO Magnitogorsk Iron & Steel Works (MMK) came up with a financial performance report (compiled in accordance with the Russian Accounting Standards) for the second quarter of 2010. The company’s revenues rose by 26% in the second quarter of the year compared with the first quarter of 2010 and amounted to 53.117 billion RUR. MMK says the increase in revenues has to do with greater sales volumes and the rising average prices. The average price of 1,000 kg of MMK’s produce went up by 15.1% in the second quarter of 2010 against the first quarter and reached

The net profit of Novolipetsk Iron & Steel Works (NLMK) dropped by 70% in the fourth quarter of 2010 in comparison with the previous quarter; however, the net profit for the entire year 2010 rose by 35%, the company’s financial report (drawn up in accordance with the Russian Accounting Standards) says. In the fourth quarter of the year, the profit came to 4.2bn RUR, whereas in the third quarter, the figures reached 13.8bn RUR. In 2010, NLMK’s net profit amounted to 32.38bn RUR. ‘The decrease in the fourth quarter’s net profit was mainly brought about by some incidental factors, including