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Mechel’s Q1 net profits fall by 29.5%
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Mechel, one of the major steel and coking coal producers in Russia stated that US GAAP net profits were at US$218 million in the first quarter of this year, falling by 29.5% year on year.
In the first quarter of this year, the Russian firm’s adjusted EBITDA dropped by 18.2% to US$463.402 million while its revenue grew by 0.5% to US$2.951 billion, both compared to that in the same period of a year earlier.
News Date
6/21/2012 9:00:06 AM
reported by
Frio Chou
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