In January-March of the current year, the net profit of Russian steelmaker Ashinskiy Metallurgical Works (Ashinskiy) decreased by 2.57 times compared to the same period of 2010, declining to Ruble 124.703 million ($4.4million).
Meanwhile, also in Q1, Ashinskiy's sales revenues increased by 32.3 percent year on year to Ruble 4.219 billion ($0.15 billion), including Ruble 3.216 billion ($0.114 billion) of proceeds from sales of carbon steel hot rolled plate iron, up 31.27 percent year on year.