In Q2 of the current year, Azovstal Iron and Steel Works, a subsidiary of Ukraine's largest vertically-integrated mining and steel group Metinvest, saw a net profit of UAH 93.028 million ($11.6 million). The company's net revenues for the second quarter increased by 28.78 percent year on year to UAH 8.249 billion ($1.031 billion).
However, in January-June period of the current year, Azovstal posted a net loss of UAH 152.917 million ($19.1 million), while its net revenues increased by 46.23 percent year on year to UAH 16.138 billion ($2.017 billion).