Mechel’s Net Loss Comes to 19.7bn RUR

7 March 2012 (09:14)

The net loss of OAO Mechel (calculated in accordance with the Russian Accounting Standards) amounted to 19.674bn RUR in 2011 (compared with 42.929bn RUR in 2010), the company’s report says.

The company’s revenues shrank by 5.6 times and amounted to 8.51bn RUR, while its gross profit decreased by 5.3 times and came to 7.7bn RUR in 2011.

The enterprise’s pre-tax loss reached 20.08bn RUR last year against 42.03bn RUR worth of profits in the year before.

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