NLMK group announced financial results on international financial reporting standards (IFRS) for the second quarter and the first half of the current year.
In this quarter, the company's net profit amounted to 23.28 billion rubles ($ 288.93 million), decreased by 37.6%, and the proceeds from sales reduced reduced from sales. 18.1% to 219.02 billion rubles ($ 2.72 billion), as in annual calculus. In addition, the NLMK operating profit in the second quarter amounted to 23.53 billion rubles ($ 219.02 million) against 75.17 billion rubles in the same quarter of 2024.
In the first half of the year, the net profit of the company decreased by 45.0% of the year or year to 44.92 billion rubles ($ 557.51 million), and sales revenue amounted to 438.71 billion rubles ($ 5.44 billion), decreasing by 15.3% a year-ko-year. In addition, the NLMK operating profit amounted to 54.77 billion rubles ($ 679.76 million) against 132.77 billion rubles in the first half of last year.
