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Mechel suffered losses.

The 2013-net losses at Mechel reached 27.803bn rub. against 19.181bn rub. in profit prior year, the company informed.

The revenues plunged 6.86 fold to 3.748bn rub. from 25.703bn rub.; profit from sales - 9.28 fold to 2.637bn rub. from 24.478bn rub.; pretax losses coming to 27.908bn rub. vs. 17.99bn rub. in profit.

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 9-month 2013 net losses (RAS) gained 10.038bn rub. vs. 22.723bn rub. in profit prior year period; revenues dropped 7.88 fold to 3.182bn rub.

from 25.085mln rub.; profit from sales - 10.5 fold to 2.32bn rub. from 24.37bn rub.; pretax losses coming to 10.201mln rub. vs. 22.047mln rub. in profit prior year.

The 9-month 2013 net losses (US GAAP) increased 4.09 fold to $2.247bn from $550mln prior year; revenues declined 21.76% to $7.588bn from $9.239bn; operating losses gained $393mln vs. $258mln in profit; corrected EBITDA dropped 2.21 fold to $608mln from $1.346bn; EBITDA margin coming to 9.09% from 16.38%.

"AK&M", 26.02.2014


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