Severstal’s IFRS net profit falls 11.3% to $903 mln in Jan–Jun

MOSCOW, Jul 19 (PRIME) -- The net profit of Russian steelmaker Severstal fell 11.3% on the year to U.S. $903 million in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Friday.

Revenue shrank by 5.1% on the year to $4.208 billion in the period, earnings before interest, taxes, depreciation and amortization (EBITDA) decreased 10.4% to $1.416 billion.

For further details, please, see the company’s statement on its official website:

https://www.severstal.com/eng/media/news/document28780.phtml

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