Q1 2011 FINANCIAL PERFORMANCE HIGHLIGHTS:
MMK Group Q1 2011 sales amounted to USD 2,216 mln, 14% higher than Q4 2010.
Q1 2011 cost of sales rose 11% q-o-q, amounting to USD 1,775 mln.
Operating profit in Q1 2011 was USD 155 mln, 1.5 times higher than the previous period.
Q1 2011 EBITDA totaled USD 403 mln.
Q1 2011 EBITDA margin stood at 18.2%.
Profit for ...
Mmk. June
MMK announces its consolidated financial statements under IFRS for Q1 2011MMK
Q1 2011 FINANCIAL PERFORMANCE HIGHLIGHTS:
MMK Group Q1 2011 sales amounted to USD 2,216 mln, 14% higher than Q4 2010.
Q1 2011 cost of sales rose 11% q-o-q, amounting to USD 1,775 mln.
Operating profit in Q1 2011 was USD 155 mln, 1.5 times higher than the previous period.
Q1 2011 EBITDA totaled USD 403 mln.
Q1 2011 EBITDA margin stood at 18.2%.
Profit for ...
27.06.2011, Monday, 16:10
MMK’ hot-rolled galvanized steel accepted by RenaulMMK steel 
Magnitogorsk Iron and Steel Works (MMK) has successfully passed technical audit completed by Renault.
As a result, MMK has received the French carmaker’s approval that allows the steelmaker to ship its hot-rolled galvanized steel designed for inner parts of Renault automobiles. Approval of the MMK technologies is yet another benchmark in the process of steel acceptation by the company’s potential customers.
In the past few years MMK has been successfully implementing ...
20.06.2011, Monday, 15:44
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