Trade Resources Economy Russian Steelmaker NLMK Group's Net Profit Decreased by 27.4 Percent Year on Year

Russian Steelmaker NLMK Group's Net Profit Decreased by 27.4 Percent Year on Year

In its financial results according to Russian Accounting Standards (RAS) for 2012, Russian steelmaker NLMK Group's net profit decreased by 27.4 percent year on year to RUB 25.152 billion ($0.82 billion).

In the given year, NLMK's sales revenues increased by 8.6 percent to RUB 240.123 billion ($7.8 billion), compared to 2011.

Source: http://www.steelorbis.com/steel-news/latest-news/nlmk-sees-274-fall-in-net-profit-for-2012-747093.htm
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NLMK Sees 27.4% Fall in Net Profit for 2012
Topics: Metallurgy