The 9-month losses of Mechel under IFRS gained 15.76 bn rub. against 12.17bn rub. in profit prior year period, the company informed.
The revenues lost 11% to 196.2bn rub. from 220.11bn rub.; operating profit rocketed down 61% to 12bn rub. from 30.79bn rub.; EBITDA – 29% to 31.36bn rub. from 44.3bn rub.
Mechel (INN 7703370008) is one of the leading Russian companies focused on four segments, including mining, metallurgy, ferroalloys and energy sectors. The divisions of the Company involve producers of coal, iron, nickel, steel, rolled products, high-processing products, heat and electricity. Mechel's products are sold on the Russian and foreign markets.
The holders’ profit for 2019 under IFRS rallied down 81% to 2.409bn rub.; from 12.628bn rub. prior year period. The revenues declined 5% to 296.567bn rub. from 312.574bn rub.; EBITDA - 29% to 53.428bn rub. from 75.667bn rub.
