In January-March Mechel decreased its net losses 1.7-fold YoY, to 5.1 billion rubles.
According to the company statement, its revenue grew 2.2-fold, to 2 billion rubles. Gross profit increased 2.1-fold, to 2 billion rubles.
Sales profit totaled 1.6 billion rubles, up 2.8-fold.
The company fixed liabilities increased by 2.6%, to 239.7 billion rubles, while current liabilities dropped by 0.9%, to 24.524 billion rubles. (Ukrainian metal)