Alchevsk Steel posts a profit in 2Q12
25 July 2012
Alchevsk Iron & Steel (ALMK UK) reported a net loss of USD 17 mln in 1H12 against a positive bottom line of USD 5 mln a year before, while revenue dwindled 26% yoy to USD 933 mln and EBITDA was cut threefold to USD 24 mln. The financials imply that the company generated positive EBITDA of USD 34 mln in 2Q12 (compared to minus USD 10 mln in 1Q12), and net profit of USD 22 mln (vs. minus USD 40 mln in 1Q12).
