The annual net loss of MMK under RAS decreases 34 times.
Edited by Rhod Mackenzie / 2015-03-26 08:36:00
Finance Metals and mining Russia Financial results Magnitogorsk metallurgic plant MMK Russia Metals and Mining Steel
At the end of 2014 OJSC Magnitogorsk Iron and Steel Works ("MMK") significantly reduced the net loss of the previous year. According to the results of the reporting year the company came up with the 1.643 billion roubles net loss calculated according to the principles of RAS, while a year earlier the loss was 56.446 billion roubles.
Recall that the company ended 2012 with a net profit of over 7.9 billion roubles, and 2011 brought OJSC "MMK" the net loss of 1.7 billion roubles.
