In the first 9 months, NLMK decreased its net profit under US GAAP 3 times

On the results of the first nine months of 2013, the company Novolipetsk Steel (NLMK) made a net profit under US GAAP in the amount of $209 million that is 3 times less than in the same period of 2012 ($617 million), the company reports.

According to the Prime’s consensus forecast, the NLMK’s net profit was planned to be $149 million. Thus, the result proved to be better than the analysts’ expectations.

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