Russia: Mechel IFRS net profit up in Q3 2018
The net profit attributable to shareholders of Russian metals and mining group Mechel soared to 6.304 billion rubles in July-September, as calculated under International Financial Reporting Standards (IFRS). Revenue fell by 3% QoQ, to 79.965 billion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased by 17%, to 19.206 billion rubles. In January-September…
Details