Reuters logo
Russia's NLMK Q4 net income boosted by higher steel prices
March 6, 2017 / 7:25 AM / 7 months ago

Russia's NLMK Q4 net income boosted by higher steel prices

MOSCOW, March 6 (Reuters) - NLMK, Russia’s largest steel producer, said on Monday its fourth-quarter net income jumped to $308 million from $76 million a year ago due to improved steel prices.

NLMK said its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 61 percent year-on-year to $518 million, almost matching an average estimate of analysts polled by Reuters, who had forecast the earnings at $522 million. (Reporting by Anastasia Lyrchikova; writing by Polina Devitt; editing by Denis Pinchuk)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below