MMK increased its profit in Jan-September 2015
Edited by Rhod Mackenzie / 2015-11-09 07:24:30
Magnitogorsk Iron-and-Steel works (OJSC “MMK”, Chelyabinsk Region) has reduced costs and boosted profit in the first three quarters of 2015, reporter of the news agency “Dostup” stated, citing the company.
The reduction of the prime cost of market products (priority rates against the revenue) influenced the growth of the operating profit due to the devaluation of the rouble and the implementation of cost reduction program and decrease of production volumes, as well as reduction of the general administrative and selling expenses over the first nine months this year.
