NLMK halved net profit in 2012

One of the largest Russian manufacturers became NLMK OJSC graduated from 2012 with a net profit of $ 596 million, which is 56% less than the result of 2011. This is stated in the message of the company.

During the reporting period, the revenue of NLMK amounted to 12 million $ 157 thousand (+4% g/g), profit to the taxes and mandatory payments EBITDA - 1 billion 900 million (-16%), EBITDA profitability - 15.6% (-3.6 pp), operating cash flow - 1 million 825 thousand dollars (+1%), capitalization in fixed assets in fixed assets -1 million 453 thousand dollars (-29%), revenue per ton of metal products: $ 801 (-12%).

The operational results of NLMK in 2012 were as follows: steel production: 14 million 900 thousand tons (+25%), sales of metal products: 15 million 200 thousand tons (+18%).

According to the report, the group plans to further deteriorate financial indicators with the simultaneous increase in steel production in the first quarter and throughout 2013. So the production of steel is planned to bring to the level of 15 million 500 thousand tons.