Severstal made $562 mln of net profit in 2015

​Severstal made $562 mln of net profit under IAS in 2015.

Not taking into account the loss from the currency exchange rates at the volume of $624 mln and devaluation of non-circulation assets for $183 mln, the net profit of Severstal could make up $1 bln 369 mln.

In 2015 Severstal kept moving towards the achievement of its strategic goals staying one of the most effective companies in the sector and managed to show good results in the conditions of a complicated situation, CEO of “Severstal Management”, V. Larin, said.

The revenue of Severstal in 2015 fell by 22.9% against the same period in 2014 and made up $6 bln 396 mln mainly on the background of the products sale fall.

Monetary funds and their equivalents as of the end of Q4 2015 made up $1 bln 647 mln on the background of the fact that the free monetary flow significantly exceeded the total outflow of monetary funds for the payment of dividends.