Zaporizhstal Boosts Revenues 25.4% yoy in 1H07
16 July 2008
Zaporizhstal (ZPST: N/R) CEO Vitaly Statsky reported that the company’s total revenues in 1H07 increased 25.4% yoy to USD 851.8 mln. According to Statky, during the period, Zaporizhstal upped steel output 2.6% yoy to 2,247 mln mt and pig iron by 3.1% yoy to 1,810 mln mt. So far this year the company has spent a total of about USD 70 mln on CapEx (about USD 12 mln more than in 1H06) to modernize its production facilities.
