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NLMK’s Q1 net profits increase by 13% q-o-q
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Reportedly, Novolipetsk Steel (NLMK), the fourth largest steelmaker in Russia announced that its Q1 net profits increased by 13% from a quarter earlier to US$173 million to US GAAP, below the analysts’ consensus forecast of US$185 million polled by RIA Novosti.
In the first quarter of this year, NLMK’s sales of steel products increased by 9% to US$3.857 billion; its net debt rose by 5% to US$3.538 billion and its EBITDA margin jumped to 1.69% from 1.49%.
For the prospect, the company expected a revenue growth of 10%, boosted by the rise in sales. Furthermore, it expected an EBITDA margin of nearly 17%~19%.
News Date
5/21/2012 8:46:12 AM
reported by
Frio Chou
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