Ukraine-based KZhRK’s net profit up 7.1 percent in 2020

Thursday, 06 May 2021 14:24:21 (GMT+3)   |   Istanbul

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.

Most Recent Related Articles

Ukraine basically bans scrap exports with duty rise up to €180/mt

Mechel’s output and sales down in Jan-Sept

Ukraine’s AMKR sees stronger production results for Jan-Oct

Ukraine’s pig iron exports up 2.7 percent in Jan-Oct

ArcelorMittal posts net profit for Jan-Sept, outlook still positive