Decline in NLMK’s net profit can provoke pressure to the company’s rates

In 2012, NLMK's net profit  reduced by 56% to $596 million by US GAAP. In Q4, net loss by US GAAP was $22 million versus profit within the corresponding period of the previous year.

S. Bertyakov, the analyst of FINAM IH gives the following commentaries about the issue.

NLMK has published its financial accounting for Q4 2012 and the whole previous year. Revenue increased by 4% to $12.1 billion. EBITDA declined by 17% to $1.9 billion. Net profit declined by 56% to $596 million.

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