MMK Illicha Posts Net Loss of UAH 700 mln in 1H
OREANDA-NEWS. On 17 August 2009 was announced, that MMK Illicha's (MMKI) General Director Vladimir Boyko said on Friday that his mill finished 1H09 with a net loss of UAH 700 mln (vs. net income of UAH 1.59 bln in 1H08), Interfax reported. Boyko said that thanks to revived demand, in July the plant was able to post a positive financial result for the month.
Concorde Capital: We expect another favorable month in August for MMK Illicha. We expect stable prices and production figures at or exceeding July's level, as Ukrainian steelmakers have already concluded orders for next month.
Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering
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