Yenakiieve Steel halves net loss qoq in 2Q12
23 July 2012
Yenakiieve Steel (ENMZ UK) reported a 40% yoy growth in net loss to USD 109 mln in 1H12. The company’s revenue grew 2% yoy to USD 828 mln, and negative EBITDA was cut by a quarter yoy to USD 53 mln in 1H12. On a quarterly basis, revenue grew 8% qoq to USD 431 mln in 2Q12, while the company’s net loss was cut twofold qoq to USD 35 mln.
