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  Tuesday, October 22, 2019
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Novolipetsk Steel, one of Russia's largest steel producers, said Friday
Novolipetsk Steel, one of Russia's largest steel producers, said Friday its net profit calculated to Russian Accounting Standards (RAS) dropped by almost 20% to $1.7 billion in 2007, year-on-year.

The steel producer said the decrease followed a drop in investment returns due to an absence of large assets sales.

The company said its earnings increased 10.4% last year to 155 billion rubles ($6.6 billion), year-on-year.


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