Russia: Mechel losses up in January-September 2017
In January-September the net losses of Mechel doubled YoY, to 11.71 billion rubles. Revenue dropped 2.2-fold, to 5.12 billion rubles, gross profit decreased 5.2-fold, to 2.19 billion rubles. Sales profits fell 9.5-fold, to 1.06 billion rubles. In H1 Mechel net profit decreased by 40% YoY, to 4.994 billion rubles. (Ukrainian metal)