MMK on Russia’s Top400

6 October 2010 (09:27)

The Expert magazine came up with its annual rating of Russia’s Top 400 enterprises recently.

Companies from all branches of industry are allowed to compete in the rating, so the final list comprises businesses from all the basic economic fields. As for the place a particular company was given, this was determined by the organizations’ sales output of products or services in the year 2009. If the nature of a certain business made it impossible to apply this criterion (as is the case with banks and insurance companies, for instance), the most economically equivalent financial report data were used. To get a fuller picture of things, some other performance indicators were taken into account as well, namely, the previous year’s sales, profits, growth dynamic, and so on. What is more, the main ranking was complemented with Capitalization 200, an additional list of Russia’s 200 largest companies in terms of market capitalization as of September 1, 2010. The rating-creation methodology was actually auditioned by PricewaterhouseCoopers.

Now Magnitogorsk Iron & Steel Works (MMK) is an ever-present member of this rating and has always been featured as one of the country’s major enterprises. So Expert 400 rating presents the company, with its over 161 billion RUR worth of IAS-calculated revenues, as Russia’s 28th largest enterprise in 2009 in terms of product sales. As for the Capitalization 200, MMK was given the 18th position in accordance with its market capitalization data as of September 1, 2010.

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