NLMK announces Q2 2010 US GAAP Results, 新利佩茨克钢铁集团

Release Date: 2010-10-04

Novolipetsk Steel (NLMK), the LSE-listed leading Russian steel producer, today announces its consolidated US GAAP results for Q2 2010.
Russia's third largest steel producer Novolipetsk Steel (NLMK) made a second quarter 2010 net profit of $459 million to US GAAP, turning around a $49 million loss in the second quarter of 2009, the company said on Monday.

January-June net profit amounted to $590 million after a $243 million loss in the same period of 2009.

NLMK's second quarter revenue rose 70 percent to $2.156 billion, above analysts' forecasts of $2.183 billion. Revenue for the first half reached $3.853 billion.

EBITDA amounted to $774 million in the second quarter, up from $386 million in the first quarter of 2010.

This story is based on information available on NLMK.RU and a news article on RIA Novosti.
Type: NORMAL
Company: 新利佩茨克钢铁集团
Country: 俄罗斯
 
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