Mechel’s RAS net loss narrows 2% to 12 bln rbl January–September

MOSCOW, Oct 24 (PRIME) -- The net loss of Russian metals producer Mechel narrowed 2% on the year to 12 billion rubles in January–September, as calculated under Russian Accounting Standards (RAS), the company said in a statement on Wednesday.

Revenue almost doubled to 9.5 billion rubles, the gross profit more than quadrupled to 9.4 billion rubles.

Long-term liabilities grew 12.3% since the start of the year to 262.6 billion rubles, short-term ones halved to 10.7 billion rubles.

(65.3101 rubles – U.S. $1)

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