icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Severstal posts 1H 2008 Net Profit of $1.94 Billion

Severstal posts 1H 2008 Net Profit of $1.94 Billion
Russian steelmaker, Severstal, has posted a Net Profit for 1H 2008 of $1.94 Billion, up 69% year on year under IFRS.

EBITDA was up 34% for the half, year on year, at $2.78 Billion, on sales revenues of $10.54 Billion, up 36%.

In a statement CEO Alexei Mordashov noted “We grew significantly in all our markets in the first half of the year, driven by both price increases and volume growth,”  The company is forecasting full year EBITDA between $5.8 and $6.1 Billion.

Podcasts