MOSCOW, Oct 22 (PRIME) -- The net profit of Russia’s Magnitogorsk Iron and Steel Works (MMK) plummeted by 62.1% on the year to U.S. $291 million in January–September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Thursday.
Revenue decreased by 22.3% to $4.543 billion in the period.
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