In Q1 2014, NLMK increased net profit by US GAAP by 4.6 times to $174 million
Edited by Rhod Mackenzie / 2014-05-20 08:08:25
Finance Metals and mining Russia Financial results Novolipetsk Steel NLMK Russia Metals and Mining Steel
In Q1 2014, NLMK increased its net profit by US GAAP by 4.6 times to $174 million, EBITDA by 14% to $468 million, profitability by EBITDA by 6.6 basis points to 18%, at the background of growth in sales and simultaneous reduction in production expenses, and reduced revenue by 8% to $2.638 billion. Net debt/ EBITDA ratio was 1.39 versus 1.80 in Q4 2013.
