Magnitogorsk Iron and Steel Works (MMK), one of Russia's leading metallurgical companies, increased its net profit by 68.2% to 118.3 billion rubles (about $ 1.3 billion) in the previous year compared to 2022.
According to MMK's statement on their activities in Türkiye, the company's revenue increased by 9.1% in 2023 compared to 2022, reaching 763.4 billion rubles.
During the same time period, MMK's net profit increased by a significant 68.2% to 118.3 billion rubles.
In Türkiye, MMK has production at its plant in Dörtyol, Hatay.
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