Evraz Holding, Russian vertical integrated steel
production and mining company, reported decrease in net profits of its major subsidiaries in the first quarter of 2006 under the Russian accounting standards (RAS).
Thus, net profit of Nizhny Tagil Iron and Steel Works fell 35 percent, that of West Siberian Iron and Steel Works (ZapSib) fell 10 percent and that of Kachkanarsky Mining and Processing Integrated Works (KGOK) fell 50 percent.