Mechel BOD approved several interest-bearing deals at the sitting October 26th 2012.

Mechel (TIN 7703370008) is one of the leading Russian companies. It involves 4 sectors, mining, metallurgic, ferroalloys and energetic. It includes producers of the coal, ore concentrate, nickel, steel, rolled products, heat and electric energy. Its products are sold on the Russian and foreign markets.

The Q1 2012 net profit (US GAAP) declined 29.5% to USD 218.1 million from USD 309.1 million prior year period net revenues increased 0.5% to USD 3 billion from USD 2.9 billion operating profit moved down 30% to USD 314 million.

The consolidated corrected EBITDA dropped 18.2% to USD 463.4 million. The H1 2012 net profit (RAS) gained RUB 21.94 billion against RUB 3.331 billion in losses prior year period revenues rose 3.56 fold to RUB 24.405 billion from RUB 6.86 billion profit from sales 4.3 fold to RUB 23.921 billion from RUB 5.543 billion pretax profit coming to RUB2 1.404 billion vs RUB 2.745 billion in losses

Source - AK&M

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