icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
26 Aug, 2008 05:14

NLMK unveils 44% 1H 2008 Net Profit jump

NLMK unveils 44% 1H 2008 Net Profit jump

Russian steelmaker NLMK has reported a H1 2008 Net profit of $1.53 billion under US GAAP, up 44% on the same period 2007.

EBITDA came in at $2.31 billion, up 47%, on revenues of $5.88 billion, up 63%. 

The company attributes the strong results to a strong pricing environment in its key markets, acquisitions, and organic growth.  It’s expecting further growth for the full year with continued robust demand for steel, particularly in Russia on the back of booming residential and infrastructure expenditure, and is forecasting Full year EBITDA of more than $5 billion and Revenues of more than $14 billion.

Podcasts
0:00
23:13
0:00
25:0