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Evraz Group FY pretax profit, sales rise; crude steel production up 16 pct


Published : Thu, 26 Apr 2007 07:53
By : Agencies
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LONDON (Thomson Financial) - Russian steel company Evraz Group SA reported a rise in its full-year pretax profit as revenues increased 27.4 pct, helped by 'strong' results in almost all spheres of its business.

The company said its pretax profit rose to 2.10 bln usd for the year to Dec 31, 2006 from 1.53 bln in the same period last year. Revenue increased to 8.29 bln usd from 6.51 bln previously.

Evraz said its crude steel production grew by 16 pct to 16.1 mln tonnes, while total steel sales volumes climbed by 24.5 pct to 16.0 mln tonnes driven by organic growth, acquisitions in Europe and inventory reductions.

TFN.newsdesk@thomson.com

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