Mechel Net Profit Plummets
December 15 2011 - 4:08AM
Dow Jones News
Russian coal and steel group OAO Mechel (MTL) Thursday said its
third-quarter net profit fell 92%.
MAIN FACTS:
-Net profit was $25.7 million, down from $341.4 million a year
earlier.
-Revenue was $3.2 billion, up 21% from $2.64 billion a year
earlier.
-Adjusted earnings before interest, taxes, depreciation and
amortization, or Ebitda, was $677.6 million, up 12% from $607.1
million a year earlier.
-Adjusted Ebitda margin was 21.11%, down from 23% in the third
quarter of 2010.
-As of Sept. 30, total debt was $9.5 billion.
-By Nadia Popova, Dow Jones Newswires; +7 495 232-9198;
nadia.popova@dowjones.com
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