- Sputnik International
Russia
The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

Severstal revenues fall 27.4% in 1H06 y-o-y, to $2.66 bln

Subscribe
MOSCOW, August 15 (RIA Novosti) - Severstal [RTS: CHMF], Russia's No. 1 steelmaker, said Tuesday its revenues calculated to Russian Accounting Standards fell 27.4% in the first six months of 2006 year-on-year, to 72 billion rubles ($2.7 bln).

The company's gross profit fell 24.5% in the reporting period, to 22.1 bln rubles ($810 mln) while pre-tax profit declined 25.5%, to 18.6 bln rubles ($688 mln).

Severstal's net profit fell 27.6% year-on-year, to 13.7 bln rubles ($503 mln).

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала