The Magnitogorsk Iron Rest in the first quarter of 2013 increased profit by 36 percent

In the first quarter of 2013, the profit of Magnitogorsk Metallurgical Plant OJSC (OJSC MMK) amounted to $ 19 million, which is 35.7 percent higher than in the first quarter of 2012. This was reported by the press center of the plant.

The consolidated revenue of the MMK in January-March increased by 10.4 percent compared to the last quarter of last year, to 2 billion $ 283 million. According to the report "growth is associated with the growth of production of commodity products in the MMK group and improving its structure." However, in an annual comparison, the revenue of the enterprise was lower than 5.9 percent than in the first quarter of 2012, profit before the EBITDA tax - $ 256 million. At the same time, EBITDA profitability decreased to 11.2 percent against 12.1 percent a year earlier.

As noted in MMK, $ 125 million received from the implementation of the subsidiary of the MMK Trans and 50 million dollars of the depreciation of non -conveying assets received from the implementation of the subsidiary of the subsidiary of the MMK Group and 50 million.