UPDATE 2-Russia's Evraz 9M core earnings fall sharply

Mon Nov 16, 2009 1:34pm GMT
 
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* Nine-month revenues $7.12 billion

* Nine-month adjusted EBITDA $874 million, down 85 pct

* Debt maturing end-Sept 2010 $1.1 bln, previously $3.4 bln

* Shares up 4.1 percent in London

(Adds details, analyst comment)

By Alfred Kueppers

MOSCOW, Nov 16 (Reuters) - Russian steel maker Evraz Group (HK1q.L) on Monday posted sharply lower nine-month core profit because of weak prices for its railway, construction and other products.

Evraz, part-owned by billionaire Roman Abramovich, said earnings before interest, taxation, depreciation and amortisation (EBITDA) were down 85 percent at $874 million from $5.95 billion last year. [ID:nLE753314]  Continued...

 

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