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Article: Russia's Novolipetsk Steel ends H1 with net loss of $243 mln (Part 3).(Financial report)
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- August 28, 2009
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Russia's Novolipetsk Steel ends H1 with net loss of $243 mln (Part 3)
MOSCOW. Aug 28 (Interfax) - Russia's Novolipetsk Steel (NLMK) (RTS: NLMK) ended the first half of 2009 with a net loss of $242.9 million, the company said in a statement.
EBITDA (earnings before interest, taxes, depreciation and amortization) fell 80% to $431 million in January-June 2009 compared to the same period of 2008, while sales revenue declined 50% to $2.586 billion.
Net losses totaled $49 million in the second quarter of 2009, sales revenue - $1.29 billion and EBITDA - $234 million. The forecasts for these figures were fairly accurate at $41 million, $1.28 billion ...