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Russia’s Metalloinvest reports increased net profit for 2011

Tuesday, 10 April 2012 17:40:33 (GMT+2)   -  

Tags: iron ore , raw mat , Russia , CIS , fin. Reports , steelmaking , Metalloinvest | similar articles » SteelOrbis News

Russia-based leading global iron ore and HBI (hot briquetted iron) producer Metalloinvest has announced that in 2011 it achieved a net profit of about RUB 49.43 billion ($1.7 billion), compared to RUB 21.2 billion ($0.7 billion) in 2010. In the given period, the company's revenue reached RUB 50.239 billion ($1.7 billion), compared to RUB 22.52 billion ($0.76 billion) in 2010.
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