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MMK Illicha Steel posts net loss of UAH 490 mln in 1Q11

MMK Illicha Steel posts net loss of UAH 490 mln in 1Q11

26 April 2011

MMK Illicha (UX: MMKI UK), part of Metinvest group, reported a net loss of UAH 490 mln (up  11.3x y-o-y). The company increased net revenues to UAH 7.79 bln, up 49.8% y-o-y. As of end-1Q11, the company’s retained earnings amounted to UAH 4.11 bln.

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