Steel maker MMK sees net profit to RAS fall 33% to 3 bln rubles in Q1

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Steel maker MMK sees net profit to RAS fall 33% to 3 bln rubles in Q1

MOSCOW. April 28 (Interfax) - Magnitogorsk Iron & Steel Works (MMK) saw net profit to Russian Accounting Standards (RAS) fall 33% year-on-year in Q1 2012 to 3 billion rubles, the company said in a statement.

Sales revenue fell slightly, to 61.9 billion rubles, and pre tax profit fell 28% to 3.9 billion rubles.

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