In H1 of 2015, NLMK’s net profit under US GAAP grew by 48% to $491 million
Edited by Rhod Mackenzie / 2015-08-05 01:21:19
Finance Metals and mining Russia Financial results Novolipetsk Steel NLMK Russia Metals and Mining Steel
In the first six months of 2015, the Novolipetsk Steel’s net profit under US GAAP increased by 48% to $491 million, the company reports. The revenue decreased by 20% year on year and made up $4.356 billion. According to the company, this was caused by the decrease in steel prices.
