JSC Novokuznetsk Iron & Steel Works reported revenue of 22,98 billion rubles ($806 millions) for the first half of 2005, up 51.5 percent from the same period last year. At the same time, Company's net income fell 14.3 percent to come to 2 billion rubles ($70 millions), EvrazHolding said.

Gross profit rose 1.3 percent to reach 4.03 billion rubles ($141 millions), operating profit reduced by 3.1 percent to 3.16 billion rubles ($110 millions).