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Severstal Released Its Financial Report for The Third Quarter of This Year Recently

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Core Tip: The Russian steel giant Severstal released its financial report for the third quarter of this year recently. The firm's operating profi

The Russian steel giant Severstal released its financial report for the third quarter of this year recently.

The firm's operating profits and net profits both declined in the third quarter due to dropped selling prices.

In the third quarter, Severstal realized sales incomes of US$3.591 billion, falling by 3.4% from a quarter ago. At the same time, the firm's operating profits and EBITDA were at US$369 million and US$546 million, decreasing by 23.3% and 17.8% quarter on quarter respectively.

In the first nine months of this year, Severstal's sales incomes amounted to US$10.988 billion, down by 9.1% year on year. Meanwhile, its operating profits totaled US$1.235 billion, decreasing by 46.7% and its EBITDA was at U$1.773 billion, dropping by 37.1%, both compared to that in the same period of a year ago.
 

 

 

 
 
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