MMK Illicha reports net loss of UAH 647.3 mln in 1H11

MMK Illicha (UX: MMKI UK) reported a net loss of UAH 647.3 mln in 1H11 versus net income of UAH 253.2 mln in 1H10, Interfax reported yesterday. Net revenues increased 43.8% y-o-y to UAH 16.5 bln. In terms of production during the period, crude steel output grew 14.3% y-o-y to 3,067 mln mt and rolled steel output rose 32% y-o-y to 2,412 mln mt.