MOSCOW, June 28 (RIA Novosti) - Mechel [NYSE: MTL], a leading Russian mining and metals company, said Thursday its net income calculated to International Financial Reporting Standards (IFRS) increased 58.3%, year-on-year, in 2006 to $603.2 million.
Mechel, which unites producers of coal, ore, nickel, steel and highly processed steel products for the domestic and foreign markets, said its revenues grew 15.6% in the reporting period, to $4.4 billion.
Mechel is included in the Russian Industrial Leaders Index RUXX, a composite economic index of 30 Russian companies with financial instruments traded on bourses, including the New York Stock Exchange, the London Stock Exchange, Nasdaq and AMEX.
