EVRAZ’s net loss doubles in 2014
2 April 2015 (17:39)
April 2, 2015. EVRAZ Group’s net loss (calculated in accordance with the IAS) rose by 2.3 times last year compared with the year 2013 and thus came to $1.278bn, the company’s report states.
According to this report, losses were mainly related to devaluation of the company’s assets ($540m) and damage done by the changes in the ruble/dollar exchange rate ($1.005bn)
The Group’s revenues shrank by 9% and stood at $13.061bn.
Net debt dropped by 11%, down to $5.8m; as a result, the company’s net debt/EBITDA ratio came to 2.5.
According to this report, losses were mainly related to devaluation of the company’s assets ($540m) and damage done by the changes in the ruble/dollar exchange rate ($1.005bn)
The Group’s revenues shrank by 9% and stood at $13.061bn.
Net debt dropped by 11%, down to $5.8m; as a result, the company’s net debt/EBITDA ratio came to 2.5.
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