Mittal Steel Krivoy Rog reports drop in net profit

According to Mittal Steel Krivoy Rog's financial report for year 2005, the company's net profit fell 20.3 percent year on year to UAH 1.6 billion ($320 million) in 2005. On the other hand, the net income of the company in 2005 grew 9.4 percent from 2004 to UAH 1.1 billion ($220 million). Mittal Steel Krivoy Rog is the biggest Ukrainian steelmaker.