In Q1, NLMK’s net profit under IAS fell by 82% to $57 million

In the first quarter of 2016, the net profit of NLMK Group (Novolipetsk Steel and its subsidiaries) under IAS fell by 82% to $57 million compared to the same period in 2015. This was reported by the company.

The decline was caused by the decrease in operating income, as well as the net negative result of foreign exchange - $66 million, the report says.

Full text available to premium subscribers only.

Buy full access for 24 hours now


Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer