OREANDA-NEWS. Evraz Group S.A. (LSE: EVR) announced that its major Russian operating subsidiaries have filed the financial results with the Federal Financial Markets Service of the Russian Federation (FFMS) for the three months ended September 30, 2007, Evraz's press service reports. The results are prepared in accordance with Russian accounting standards (RAS).

Highlights:
Prices and improved product mix help sustain NTMK profit growth.The net profit of NTMK grew by 19% vs. 3Q 2006 as output rose , in particular of higher value added products, supported by an average 25% growth of prices across the majority of its products. Quarter-on-quarter, net profit decreased by 18% mainly due to higher raw materials prices (primarily coal and ferroalloys).

Zapsib results reflect the planned blast furnace reline.The 3Q 2007 net profit of Zapsib fell by 11% compared with the previous quarter and was marginally flat vs. 3Q 2006 due to a decrease in production caused by scheduled blast furnace reline.

Higher prices for iron ore drive up KGOK and VGOK profit. The 3Q 2007 net profit of KGOK and VGOK increased by 27% and 29%, respectively, as compared to the same period last year, and by 11% compared to 2Q 2007, as a result of higher iron ore prices.