Dnipro region-based Ukrainian iron ore producer Kryviy Rih Iron Ore Industrial Complex (KZhRK) saw its net profit increase by 7.1 percent year on year to UAH1.699 billion ($59.6 million in 2020, according to a local media source. Meanwhile, the company’s revenues in the given period totaled UAH6.6 billion ($231.52 million), rising by 0.7 percent year on year.
As SteelOrbis reported previously, in 2020 the company’s commercial iron ore output amounted to 3.81 million mt, down 13.3 percent year on year.