RFTS-Capital Management Company acquired 0.31% in Magnitogorsky Metallurgic Plant, the company informed.
MMK (TIN 7414003633) is the largest metallurgic plant in Russia. It is of the close-cycle production process. It has the largest assortment of metal products in Russia and CIS. In 2010 11.4mln ton of steel and 10.4mln ton of metal commodities were produced.
The share capital is worth 11.17bn rub. split in 11174330000 common stocks of 1 rub. par; 86.6% being held by the chairman, V.Rashnikov. The common stocks are under circulation on RTS, MICEX, LSE.
The 9-month 2012 net profit (IAS) reached $47mln against $58mln in losses prior year; revenues being up 2.8% to $2.76bn from $7.063bn; operating profit dropped 33.3% to $275mln from $412mln; EBITDA went down 6.4% to $1.06bn.
The 9-month 2012 net profit (RAS) reached 9.321bn rub. against 1.673bn rub. in losses prior year period; revenues declined 0.19% to 187.113bn rub. from 187.462bn rub.; profit from sales - 3.83% to 18.165bn rub. from 18.888bn rub.; pretax profit - coming to 11.885bn rub. against 1.974bn rub. in losses