KYIV. July 29 (Interfax-Ukraine) – Azovstal Metallurgical Plant (Mariupol, Donetsk region), part of Metinvest Group, in January-June 2015 saw net profit rise by 4.2 times compared to the same period in 2014, to UAH 351.748 million.
As reported in a company quarterly report, published in the information disclosure system of the National Commission on Securities and the Stock Market, its pretax positive financial result for the period increased by 4.3 times, to UAH 434.257 million.
The company for the six months increased net income by 33%, to UAH 14.267 billion.
As of June 30, 2015 retained earnings amounted to UAH 4.16 billion.
As reported, Azovstal in the first quarter posted a net profit of UAH 952.776 million, while in the first quarter of 2014 its net loss was UAH 317.703 million. Its pretax positive financial result amounted to UAH 1.176 billion. The company increased its net income by 77.3%, to UAH 7.410 billion.
The company is part of Metinvest Group, the major shareholders of which are Donetsk-based PJSC System Capital Management (71.24%) and Smart-holding (23.76%).
Metinvest Holding is the managing company of Metinvest Group.
