Klyuchevsk Ferrous Alloys Works loses 101 million RUR

In the first half of 2009, Klyuchevsk Ferrous Alloys Works’ net loss amounted to 101.19 million RUR, whereas a year earlier, the enterprise made 110.147 million RUR worth of profits. These data are available from the company’s report.

The enterprise’s revenues went down by 2.4 times and only reached 707.108 million RUR in January-June 2009. At the same time, the works’ revenues in the second quarter of 2009 were 59% greater than in the first quarter of the year. In fact, the company made 434.361 million RUR in terms of revenues in April-June 2009 due to better produce sales.


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