Severstal's $343 mln of net profit under IAS in Q1, 2015

The net income of “Severstal” under IAS made up $343 million in Q1, 2015 against a loss at $100 million a year ago, runs the company’s statement.

The revenue went down by 23.1% to $1.53 billion in Q1, year-on-year. It decreased by 18.5% compared to Q4, 2014.

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