The Mining and Metallurgical Company Evraz PLC (Great Britain), which carries out basic activities in the Russian Federation, received a net loss of international financial reporting standards (IFRS) in the amount of $ 335 million against $ 453 million for 2011 for 2011. This is stated in the message of the company.
Euras’s indicators over the past year were much lower than the predicted $ 150 million of the profit about which at the end of last year were talked by market analysts.
Meanwhile, the financial indicators of Euraz for 2012 were as follows: the total revenue of 14 billion 726 million dollars (-10.2%) and profit before the EBITDA tax 2 billion $ 12 million 9-30.6%).
In connection with the losses and continuing to deteriorate the market conjuncture, the board of directors of the Mining and Metallurgical Company Evraz PLC recommended not to pay final dividends for 2012.
Recall that according to the results of the first half of 2012, dividends were paid in the amount of $ 0.11 per share in the total amount of $ 147 million, and for the entire 2011, Evraz paid about $ 317 million in dividends.
Last year, the Russian Evraz received a loss of $ 335 million and recommends to his shareholders to refuse dividends
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Azovpromstal® 11 April 2013 г. 10:19 |
