According to the press service of Zaporizhstali, in the first quarter of 2013, the company received UAH 170 million of net profit according to international financial statements (IFRS) against 455 million UAH in January - March last year.
The company managed to improve financial results as a result of implementing programs to improve production efficiency, improve product quality and reduce its cost, the report said.
According to the General Director of the Metallurgical Plant, Zaporizhstal Igor Shurma, the profitability of the plant indicates the stability of its operation as a whole.
As reported, after the Metinvest group arrived, Zaporozhstal was finally able to reach the break -in level of production in the second half of 2012.
Comfortable Zaporizhstal graduated from the first quarter of 2013 with a profit of 170 million hryvnias
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