MOSCOW, April 27 (RIA Novosti) - Severstal (RTS: CHMF) said Thursday its consolidated net profits calculated to International Financial Reporting Standards declined 8.3% year on year in 2005 to $1.29 million.
Sales at Russia's biggest steel producer grew 32% in the reporting period, to $5.29 billion. Operating profit fell 9% in 2005 year on year to $1.82 billion. Assets were $10.75 billion as of December 31, 2005, 63.3% up from a year earlier.
Severstal is the parent company of Severstal-Group holding and its metals division. The company's principal shareholders are Kapital (66.12%) and Jadeglide Limited (16.63%).
