Azovstal halves its net loss qoq in 2Q12
20 July 2012
Azovstal (AZST UK) generated a net loss of USD 155 mln in 1H12 (7x larger than in 1H11), while revenue fell 24% yoy to USD 1,521 mln, Ukrainian News reported yesterday. Though the decline was huge in yoy terms in 1H12, on a quarterly basis Azovstal decreased its net loss to USD 54 mln versus USD 102 mln in 1Q12.
