5 Aug 2013 18:39

Zaporizhstal swings to profit in H1 2013 - chief

KYIV. Aug 5 (Interfax) -Zaporizhstal Group, part of Ukrainian iron and steel holding Metinvest, posted a net profit of 200 million hryvni ($25 million) in the first half of 2013, compared with a net loss of about 500 million hryvni in the same period last year, General Director Rostislav Shurma said in a live broadcast on regional television.

"The concern has substantially improved its production and technical indicators in all areas. In the majority of them it is in first place, by productivity of plant, by cost measures," Shurma said, adding that Zaporizhstal is conducting intensive work to raise the quality of output.

The official exchange rate on August 5 was 7.993 hryvni/$1.