Macedonia's steel mill ArcelorMittal CRM boosts Q1 2011 sales by 6.7% y/y.

By bne IntelliNews June 14, 2011
The sales revenues of Macedonian steel producer ArcelorMittal CRM have increased by 6.7% y/y to MKD 1.47bn (EUR 23.9mn) in Q1, according to income statement published on the website of the country's Securities and Exchange Commission. Exports accounted for 86.5% of total sales. The company's operating loss has widened by 28.5% y/y to MKD 96.5mn in Q1. On the other hand, the steel producer's pre-tax loss has narrowed by 25.5% y/y to MKD 125.6mn in the first quarter of this year. Skopje-based ArcelorMittal CRM (formerly RZ Ladna Valavnica) produces cold-rolled steel, galvanized coils and sheets. ArcelorMittal Group's other unit in Macedonia is the hot-rolled steel sheet producer ArcelorMittal HRM.

Related Articles

Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.

Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more

Macedonia cancels tender for gas distribution network feasibility study.

The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more

Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.

Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss