In H1 2014, Severstal increased its operating profit by 1.5 times
Edited by Rhod Mackenzie / 2014-07-30 09:22:51
Finance Metals and mining Oil and Gas Russia Dividends Financial results Severstal South Stream Russia Metals and Mining Russia Oil and Gas Gas Steel Pipelines
In H1 2014, Severstal increased operational profit by 48% from $500 million to $740 million. Revenue reduced by 7.1% to $6.260 million due to decline in prices and sales at Severstal Russian Steel and Severstal Resource. EBITDA increased by 25.4% to $1.140 million due to growth in results of Severstal International and decline in prices for raw materials for the steel smelting capacities of the company.
Financial results of Severstal in H1 2014
