NLMK update for coke chemical segment
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Friday, 08 Oct 2010
Novolipetsk Steel the LSE listed leading Russian steel producer update coke chemical segment result for six month 2010
| Q2'10 | Q1'10 | Change | |
| Revenue from external customers | 56 | 50 | 11% |
| Revenue from intersegmental optn | 227 | 144 | 58% |
| Gross profit | 103 | 38 | 169% |
| Operating profit | 96 | 26 | 263% |
In USD million
| H1'10 | H1'09 | Change | |
| Revenue from external customers | 106 | 73 | 45% |
| Revenue from intersegmental optn | 370 | 122 | 204% |
| Gross profit | 142 | 25 | 475% |
| Operating profit | 122 | 6 | 1997% |
In USD million
The Coke chemical segment comprises Altai Koks and its subsidiaries. Altai Koks is Russia’s largest nonintegrated coke producer.
In H1 2010 the Segment produced 1.7 million tonnes of coke a 25% growth YoY. In Q2 2010 coke production totaled 0.8 million tonnes a 2% growth QoQ.
H1 2010 coke sales volumes increased 22%YoY to 1.7 million tonnes with 67% delivered to the Lipetsk site. Substantial improvements in financial performance both YoY and QoQ are mainly attributable to an increase in operating results and growing market coke prices.
