OREANDA-NEWS. OAO Belarusian Metallurgical Plant (BMZ) has reported a net profit of Br107.499 billion (USD 10.122m) in H1 2014, up 2.6 times year on year, the Finance Ministry's Securities Department said in a quarterly report.

BMZ sales proceeds grew 6% in H1 2014 to Br7.611 trillion (USD 716.704 million).

BMZ is fully owned by the state, which is the owner of 364,414 shares with a face value of Br18.35 million (USD 1,721).

State company Belarusian Metallurgical Plant was launched in 1984. BMZ exports about 85% of its output. Non-CIS countries account for more than 70% of the BMZ's exports.