Profits at ETAR subsidiary, the Zlatoust Metallurgical Works in Russia's Chelyabinsk region, fell by 75.6 percent in 2008 as the world price of metals fell.
Sales for the 2008 fiscal year increased by 8 percent to just over 12 billion roubles but profits slumped from 703 million roubles to 172 million.
The company invested 260 million roubles in technology during the year, bringing to over 1 billion roubles the total amount invested between 2006 and 2008.
The company employs over 8600 people.
Source: Rusmet; Uralpress
No comments:
Post a Comment