OREANDA-NEWS. OAO Vysokogorsky Mining and Processing Integrated Works (VGOK), a part of Evraz Group S.A. (LSE: EVR), filed financial results with the Federal Financial Markets Service of the Russian Federation (FFMS) for the three months ended September 30, 2006. The results are prepared in accordance with Russian accounting standards (RAS).

According to the press service of Evraz Group S.A., the net profit of VGOK for the third quarter of 2006 went up 224% as compared with the third quarter of 2005 and has made 311 million roubles due to higher prices and growing production volumes at KGOK.  Growth of the net profit made 39,1% as compared with the second quarter 2006 (224 million roubles).

The gross profit of KGOK increased by 170,6% as compared with the third quarter 2005 and made 548 million roubles. Growth of the gross profit as compared with the second quarter of 2006 (429 million roubles) made 27,7%.

Sales profit increased by 305,7% as compared with the same period last year and by 28,5% as compared with the second quarter of 2006 and has made 449 million roubles.

The revenues of KGOK in the third quarter of 2006 made 1 billion 362 million roubles having increased by 15,9% as compared with the same period last year (1 billion 175 million roubles) and by 9.5% as compared with the second quarter of 2006, which totalled 1 billion 243 million roubles.