RAS net loss of OJSC Severstal for H1 2013 was RUB 1.1 billion against a profit of RUB 12.202 billion the year before, the company reported.
Revenue decreased by 7.34% to RUB 105.753 billion from RUB 114.135 billion, sales profit by 38.56% to RUB 5.128 billion from RUB 8.347 billion, loss before tax was RUB 708.697 million against a profit of RUB 14.82 billion.
Severstal (tax number: 3528000597) is an international mining and metallurgical company focusing on high value added products. The company has considerable experience of acquisition and integration of assets in North America and Europe. It also possesses mining enterprises in Russia providing the company's production assets with raw materials. In 2010, the company's revenue was $13,573 million, EBITDA reached $3,263 million, the steel output was 14.7 million tonnes. Severstal also produced 589 thousand ounces of gold at its gold mining assets in Western Africa, Kazakhstan and Russia. The company's shares are listed on the Russian Stock Exchanges RTS and MICEX, its GDRs are listed on the LSE.
IFRS net profit of OJSC Severstal for Q1 2013 decreased 9.7-fold to $44 million from $427 million the year before. Revenue decreased by 9.7% to $3.322 billion from $3.679 billion, profit from operations by 42.64% to $222 million from $387 million, EBITDA by 24.78% to $425 million from $565 million, EBITDA margin was 12.8% against 15.4%.
According to the information and retrieval system DataCapital, RAS net loss of Severstal for Q1 2013 was RUB 1.066 billion against a profit of RUB 4.24 billion the year before. Revenue decreased by 8.09% to RUB 52.863 billion from RUB 57.513 billion, sales profit by 32.69% to RUB 2.391 billion from RUB 3.552 billion, loss before tax was RUB 735.097 million against a profit of RUB 5.475 billion.
"AK&M", 29.08.2013 15:42