NLMK almost tripled its net profit under US GAAP over 9 months
Edited by Rhod Mackenzie / 2014-11-11 12:07:40
The net debt of NLMK fell by 35% to $1.803 bln, the net debt/EBITDA coefficient – to 0.83 from 1.87 a year earlier and by 1.14 by the end of Q2. The operational profit rose by 2.6 times to $1.136 bln.
Over 9 months 2014 NLMK increased its net profit under US GAAP by 3 times to $611 mln against the same period in 2013, the company reports.
EBITDA rose by almost 1.6 times to $1.756 bln, profitability by EBITDA rose to 22% against 13% year earlier. The revenue fell 4% to $8.053 bln against Jan-September 2013. The net debt of NLMK fell by 35% to $1.803 bln, the net debt/EBITDA coefficient to 0.83 from 1.87 a year earlier and by 1.14 as of the end of Q2. The operational profit rose by 2.6 times to $1.136 bln.
