OREANDA-NEWS. OAO Kachkanarsky Mining and Processing Integrated Works (KGOK), a part of Evraz Group S.A. (LSE: EVR), filed financial results with the Federal Financial Markets Service of the Russian Federation (FFMS) for the three months ended September 30, 2006. The results are prepared in accordance with Russian accounting standards (RAS).

According to the press service of Evraz Group S.A., the net profit of KGOK for the third quarter of 2006 went up 423,2% as compared with the third quarter of 2005 and has made 1 billion 903 million roubles due to higher prices and growing production volumes at KGOK.  Growth of the net profit made 72% as compared with the second quarter 2006 (1 billion 106 million roubles).

The gross profit of KGOK increased by 174,2% as compared with the third quarter 2005 and made 2 billion 778 million roubles. Growth of the gross profit as compared with the second quarter of 2006 (2 billion 115 million roubles) made 31,3%.

Sales profit increased by 207,4% as compared with the same period last year and by 31,3% as compared with the second quarter of 2006 and has made 2 billion 544 million roubles.

The revenues of KGOK in the third quarter of 2006 made 4 billion 940 million roubles having increased by 85,6% as compared with the same period last year (2 billion 419 million roubles) and by 19.5% as compared with the second quarter of 2006, which totalled 3 billion 759 million roubles.