In Q1, NLMK’s profit grew by 85%
Edited by Rhod Mackenzie / 2015-05-21 02:37:45
In the first quarter, the net profit of NLMK under US GAAP increased by 85% as compared with the previous year to $321 million. The revenue fell 16% to $2.216 billion due to the fall in steel prices, NLMK reports.
The company’s EBITDA increased 36% to $638 million, the EBITDA margin grew by 11% to 29%. The free cash flow increased to $319 million (+ 18%).
