Novokuznetsk Steel Works returns to profit in 2010

Tuesday, 10 May 2011 17:09:48 (GMT+3)   |  

Russian steelmaker Novokuznetsk Steel Works (NKMK) has stated that in 2010 its net profit amounted to Ruble 175 million ($6.3 million), though its revenues decreased by six percent year on year to Ruble 24.833 billion ($0.89 billion).

In 2009, NKMK had posted a net loss of Ruble 2.07 billion ($74.3 million), while its revenues had decreased by 1.6 times year on year to RUB 26.367 billion ($0.95 billion).


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