Source Pravda.Ru

Magnitogorsk Iron and Steel Works posts Q1 results

Net income of the Magnitogorsk Iron and Steel Works amounted to 4.730bn rubles ($152.6m) in the first quarter of 2003, compared to 244m rubles in losses in the corresponding period of 2002, the press service of the enterprise reported.

Sales income in the period from January to March 2003 was 6.785bn rubles ($218.9m). Sales proceeds were 20.35bn rubles ($656.5m) in the reported period.

In the first three months of this year the company produced 2.353m tons of agglomerate, 1.315m tons of coke, 2.306m tons of crude iron, 2.711m tons of steel, 2.413m tons of rolled metal.

In 2003 the company is planning to increase its production by 4 percent to 10m tons of metal products.

© &to=http://www.rbc.com' target=_blank>RBC

Readers' top
Comments
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
The Recolonization of Latin America and the War on Venezuela
Hot drinks trigger esophageal cancer, new study says
Christchurch aftermath: Invaders complain of invaders
The Decolonization of Western Sahara: A Saharawi vision of the solution
Massacres of Muslim Worshipers in Christchurch: Tragic Insanity at Place of Worship
Christchurch aftermath: Invaders complain of invaders
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Christchurch aftermath: Invaders complain of invaders
Christchurch aftermath: Invaders complain of invaders
Christchurch aftermath: Invaders complain of invaders
Christchurch aftermath: Invaders complain of invaders
Putin's new fantastic arms shock the West
Christchurch aftermath: Invaders complain of invaders
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Christchurch aftermath: Invaders complain of invaders
Christchurch aftermath: Invaders complain of invaders
The Recolonization of Latin America and the War on Venezuela