21 May 2004 03:57
MGOK net profit up 540% in Q1
MOSCOW. May 21 (Interfax) - Net profit at large iron ore producer Mikhailovsky Mining and Metallurgy Combine in
Russia's Kursk region, to Russian accounting standards, amounted to 443.03 million rubles in the first quarter
2004, which is 540% more than in the same period in 2003, according to the company's report.
Sales revenue increased 50.4% year-on-year to 3.67 billion rubles, including 3.11 billion rubles from the sale of
iron ore commodities.
Production costs increased 32.1% in the reporting period to 2.84 billion rubles. Gross profit increased 190% to 837.2
million rubles. [RU EUROPE ASIA EEU EMRG MET STL RES] rd <>
[Interfax] |
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