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25 May

AMKR eyes profitability return in second half

ArcelorMittal Kryvyi Rih (AMKR) incurred a net loss exceeding UAH 49 billion ($1.3 billion) in 2022, Kallanish notes. In accordance with international financial reporting standards, last year the company recognized UAH 36 billion in impairment losses on its non-current assets as a result of negative changes in the economic environment caused by Russian military aggression, the enterprise claims. In the conditions of a full-scale war in 2022, AMKR’s capacity…
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