Friday, May 15, 2009

"Severstal" has continued to record quarterly loss on IFRS

"Severstal" has finished the next quarter, with losses to IFRS reporting data indicate a metallurgical company, published in the London Stock Exchange. Thus, on the basis of the 1 st quarter 2009 consolidated net loss of JSC "Severstal" has made $ 674.6 million against $ 483.3 million net profit in the 1 st quarter of 2008. Net loss pertaining to the shareholders of the company amounted to 643.9 million compared with net profit of 469.8 million As a result of the 4 th quarter 2008 net loss the company exceeded $ 1.2 billion steel company's revenues declined compared with the 1 -- quarter of last year in 1,6 times - from $ 4.359 billion to $ 2.796 billion in the 4 th quarter 2008 revenues of "Severstal" was $ 4.019 billion metkompanii Gross profit was $ 56.512 million against $ 1.198 billion last year. In the 1 st quarter operating loss of U.S. $ 375.5 million compared with operating profit of $ 807.8 million a year ago. The pretax loss of - $ 413.3 million against $ 775.5 million pretax profit. EBITDA is a negative value was $ 158 million compared with $ 1.036 billion in 1 st quarter of last year and $ 298 million in the 4 th quarter 2008

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