The net profit of Russian metals and mining group Mechel, attributable to shareholders, fell by 40% YoY, to 4.994 billion rubles in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said on August 23.
The entire profit fell by 38%, to 5.682 billion rubles.
EBITDA grew by 56%, to 40.227 billion rubles, and consolidated revenue increased by 15%, to 149.384 billion rubles.
The company’s net debt slightly decreased to 464.58 billion rubles as of June 30. (Prime/Ukrainian metal)