Net profit of NLMK under IAS in 2015 rose by 25%
Edited by Rhod Mackenzie / 2016-03-24 10:17:41
The net profit of NLMK group in 2015 made up $967 mln, by 25% more than in 2014 ($773 mln).
The company’s revenue in 2015 fell by 23% and made up $8 bln (in 2014 - $10.396 bln). EBITDA made up $1.948 bln under IAS, by 18% less than in 2014 ($2.383 bln).
In Q4 2015 the net profit of the group made up $76 mln (-20% against 2014), revenue -$1.637 bln (-30%), EBITDA - $321 mln (-50%).
NLMK expected the worsening of its financial results in Q4 2015 on the background of the seasonal demand fall and weak price environment.
