OREANDA-NEWS. OAO Belarusian Metallurgical Plant (BMZ) has reported a net profit of Br3.852 billion (USD 376,172) in Q1 2014, up 19.4% year on year, the Finance Ministry's Securities Department said in a quarterly report.

BMZ sales proceeds grew 4.3% in Q1 2014 to Br3.6 trillion (USD 351.563 million).

BMZ is fully owned by the state, which is the owner of 330,984 shares with a face value of Br18.35 million (USD 1,791).

State company Belarusian Metallurgical Plant was launched in 1984. BMZ exports about 85% of its output. Non-CIS countries account for more than 70% of the BMZ's exports.