In Q3 NLMK received $385 million of net profits, down by 6% YoY.
According to the company statement, its sales increased by 2%, to 4.2 million tons. Its revenues grew by 10%, to $2.25 billion.
Investments fell by 29%, to $104 million, but the free cash flow increased by 28%, to $474 million.
In January-September NLMK sales increased by 2% YoY, to 12.3 million tons, but revenues dropped by 11%, to $5.67 billion because of the decrease in average prices. Investments were down by 14% YoY, to $384 million, while the free cash flow went up by 2%, to $906 million. The company net debt decreased by 37% YoY, to $700 million. (Ukrainian metal)