Pure loss of Azovstali - 212 million hryvnias

The Azovstal metallurgical plant (Mariupol, Donetsk Region), which is part of the Metinvest group, completed 2009 with a net loss of 21.938 million UAH, while in 2008 its net profit amounted to 1 billion 959.072 million UAH. Interfax-Ukraine reports.

According to the official announcement on June 4, the annual meeting of shareholders, the retained earnings of the company by the end of last year amounted to 7 billion 835.447 million UAH.

During the reporting period, the commercial plant increased current obligations by 48.7% to 11 billion 573.313 million UAH, while long -term obligations increased 2.5 times to 3 billion 452.756 million UAH. At the same time, Azovstal increased receivables by 48.1% to 16 billion 396.664 million UAH.

According to the document, the assets of the maintenance plant in 2009 increased by 60.3% to 30.724 billion UAH, including fixed assets - 2.6 times, to 10.651 billion UAH.

The number of employees of the plant over the past year decreased by 13.5% - to 17.049 thousand people.

On the agenda, in addition to the points traditional for the annual collection, the question of the dematerialization of shares, transferring them from documentary to an subordinate form, etc.

In 2009, Azovstal reduced the production of finished rental by 15.2%compared to 2008 - to 4.288 million tons, steel by 15.7%, to 4.643 million tons, cast iron - by 12.9%, up to 4.016 million tons, coke - by 7.5%, up to 2.024 million tons.

Ukrrudprom