According to the US GAAP, the Russian steelmaker NLMK posted a net profit of US$596 million for 2012, slumping by 56% year on year due to recognition of one-off provisions and bad operating profits in the fourth quarter. In the fourth quarter, the company posted a net loss of US$22 million, slumping from a net profit of US$167 million in a quarter ago. NLMK's sales revenues in 2012 totaled US$12.157 billion, up by 4% year on year. The company's EBITDA decreased by 16% to US$1.9 billion in 2012, caused by rising prices of raw material.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63686&division=A6
