OREANDA-NEWS. April 27, 2007.   Russian Magnitogorsk Iron and Steel Works (MMK) announced gross profit of the company was RUR43.1274 billion in the first quarter of 2007, increasing by 28.3 percent compared with the same period last year.
The net profit was around UR10.3117 billion, increasing by 56.3 percent compared with the same period last year.
In addition, the output of MMK's crude steel was 12.5 million tons, and steel output was 11.3 million tons