OREANDA-NEWS. In the 1st quarter of 2013 the net profit of “Zaporizhstal” Steel Works according to international standards of the financial reporting (IFRS) composed 170,2 million UAH that is better than a similar figure of the 1st quarter of 2012, the losses of the given period made 455 million UAH.

Improvement of financial results of “Zaporizhstal” Works activity in the first quarter of 2013 was possible to reach at the expense of realisation of programs of production efficiency increasing, improvement of product quality and decrease of its manufacturing cost.

"One of the basic indicators that the Works operates steadily is profitableness. Following the results of the 1st quarter, the well-coordinated work of the whole collective of “Zaporizhstal” Works is clearly seen, — points out Rostislav Shurma, the General Director of “Zaporizhstal” Works.

Let us remind that coming to break-even level of production of “Zaporizhstal” Works has begun since August 2012. By means of realisation of complex of organizational-technical measures in the second half of 2012 (decrease of materials consumption coefficient, economy of power resources, stable supply of raw materials, timely carrying out of planned repairs) the steel manufacturing cost is lowered on 700 UAH/t or on 18 %.