Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Mechel Earned a Profit Of More Than Seven Billion Roubles
14.05.2017 23:32
Mechel Earned a Profit Of More Than Seven Billion Roubles
(Source: http://steellab.com.ua/news/2014/december)

“Mechel” mining and metallurgical holding company earned a profit of more than seven billion roubles, following the results of last year. The revenues of the company in 2016 rose by 9 percent – up to 276 billion roubles. Last year the losses of the metallurgical holding company amounted to 115 billion roubles.

      The company was chronically unprofitable for the past five years, from 2011 onwards. The financial situation began to improve at the time of increasing world prices for steel and coal — the main products of the holding company. According to the General Director of “Mechel” Oleg Korzhov, the prices started to grow since the beginning of 2016, coal grew more expensive a little later, but by the summer the recovery of the market looked more “like a meteoric rise”.


Sources: http://lenta.ru 

Author: Anna Dorozhkina

Tags:      

Next Previous


You might also find interesting:

It Will Take Another Three Years to Produce Domestic Parmesan In Russia
17.10.2017
The CJ CGV Network Of Cinemas In South Korea Is Interested In the Russian Market
31.08.2017
German Gref Called Artificial Intelligence New Electricity and the Driver of Exponential Growth
02.05.2018
Nord Stream 2 AG Developed an Alternative Route For the Pipeline
17.10.2017
Sberbank Is Assigned the Highest Credit Rating In India
09.11.2017







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
TAGS:
Book Tickets for Concerts  Sochi 2014  Barnaul  Russian history  Noah's Ark  Russian business  Perm Region  European Centre for Nuclear Research  Industrial growth  Crimea  Russian Monuments  Archeology  Russian Astronauts  Exhibitions in Moscow  Georgi Daneliya  Sakhalin  Russian tourism  Arena Moscow  Astrakhan  Russian Coat of Arms  students  Novospasskoye  Mikhail Prokhorov  Transportation  Kostroma  movies  Mikhail Khodorkovsky  Death Museums  Arctic  Russian government  airport transfer in Russia  2014 World Cup  train tickets Russia FIFA  oil and gas   elections in Russia  "Ballet of Moscow" Theatre  Anna Netrebko  Painting  Moscow parks  Viewing Points in Moscow  Adidas  Russian Cinema  Mercedes-Benz Fashion Week Russia  Alexander Chizhevsky  Aristarkh Lentulov  Yuri Gagarin  Gidon Kremer  Saint Petersburg  Russian Literature  Moscow 


Travel Blogs
Top Traveling Sites