Azovstal reports decrease in H1 net profit

Ukrainian steelmaker Azovstal reported that the company's net profit fell 60 percent year on year to UAH 366.5 million (approx. $72.79 million) in the first half of 2006. The sales revenue fell 22.5 percent to UAH 5.2 billion (approx. $1.038 billion) during the same period.