Mechel BOD approved liquidation of its representation in Ukraine, the company informed.
The interst-bearing deal was affirmed.
Mechel (TIN 7703370008) is one of the leading Russian companies. It involves 4 sectors: mining, metallurgic, ferroalloys and energetic. It includes producers of the coal, ore concentrate, nickel, steel, rolled products, heat and electric energy. Its products are sold on the Russian and foreign markets.
The IIIQ 2012 net losses (US GAAP) gained $54.91mln vs. $823.023mln in losses prior year; revenues declined 12.22% to $3.068bn from $3.495bn; operating profit gained $126.712mln vs. $470.607mln in losses; corrected EBITDA dropped 2.75% to $374.848mln from $385.446mln; EBITDA margin coming to 13.81% from 12.49% last year.
The 2012 net profit (RAS) gained 19.181bn rub. against 19.674bn rub. in losses prior year; revenues rose 3.02 fold to 25.703bn from 8.501bn rub.; profit from sales - 3.73 fold to 24.478bn rub. from 6.557bn rub.; pretax profit coming to 17.99bn rub. vs. 20.082bn rub. in losses