OMZ Group Announces Financial Results for 1st Half of 2011
OREANDA-NEWS. October 27, 2011. OMZ Group, one of the leading Russian heavy industry companies, has announced the non-audited IFRS financial results for the 1st half of 2011.
Key financial highlights:
Consolidated revenue of the Group for the 1st half of 2011 has increased by 64.5% compared to the same period of the previous year, amounting to 464 786 thousand US dollars;
Consolidated gross profit has increased by 48.2% compared to the 1st half of 2010, amounting to 88 577 thousand US dollars;
Profit before income tax (EBIT) has increased by 39% compared to the 1st half of 2010 to 27 619 thousand US dollars;
Net consolidated profit has amounted to 33 355 thousand US dollars.
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