Mechel reduced loss under US GAAP by 53% in Q1

Mechel reduced its net loss under US GAAP by 53% to $273 mln in Q1, the company reports.

EBITDA rose by 2.45 times to $211 mln.

The profitability by EBITDA rose to 19% from 5.1%.

The company’s revenue fell by 34% against Q1 2014 to $1.113 bln.

The corrected net loss of the group in Q1 fell by 31% and made up $99 mln.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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