Mechel Targoviste, 42.3 percent higher turnover over first three quarters of 2011

The steelworks Mechel Targoviste reported a turnover 42.3 percent higher on a year-on-year basis, of 856.39 million lei, over the first three quarters, reads Financiarul newspaper. The total revenues of the company went up by 45.8 percent to 964.52 million lei and the expenses amounted to 1.05 billion lei, 42.2 percent higher on a year-on-year basis. The majority shareholder of the plant is the Russian group Mechel by its subsidiary Mechel International Holdings, with an ...

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