Azovstal boosts revenues by 46% y-o-y in 1H11
26 July 2011
Azovstal (UX: AZST UK) increased net revenue by 46.2% y-o-y to UAH 16.1 bln in 1H11, Interfax reported yesterday. The company reported a net loss of UAH 152 mln vs. net profit of UAH 92.2 mln in 1H10. Azovstal increased crude steel production during the period to 3,023 ths mt (up 5.3% y-o-y) and rolling steel output to 2,799 ths mt (up 7.4% y-o-y).
