Date: 3 months ago   Category: Industry

The net profit of Mechel in the first half of the year has decreased by 6% — to 4,7 billion rubles — Rambler News Service


The net profit of Mechel according to the International Financial Reporting Standards (IFRS) has decreased in the first half of the year 2018 in comparison with a similar indicator by 6% the previous year and has made 4,69 billion rubles, the company has reported. Revenue for the same period has grown by 5%, up to 157,04 billion rubles, operating profit — for 6%, up to 32,64 billion rubles, the corrected EBITDA indicator — for 3%, up to 41,44 billion rubles, profitability on EBITDA has made 26% against 27% the previous year. Net profit in the II quarter 2018 in comparison with the first has decreased by 57%, up to 1,4 billion rubles, revenue has grown by 10%, up to 82,17 billion rubles, operating profit — for 44%, up to 19,26 billion rubles, EBITDA indicator — for 25%, up to 23 billion rubles. The CEO of Mechel Oleg Korzhov has also noted that "the group has received confirmation from Gazprombank concerning observance of the agreed schedule of repayment of debt on credit lines that has led to write-off of penalties and penalty fee of 7,3 billion rubles"

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