MMK increased its net profit by 68.2% to $1.3 billion in 2023

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.