Mechel Reports the 2017 Financial Results
Mechel PAO American Depositary Shares (Each rep. 1 common shares) (MTL)
US:NYSE Investor Relations:
mechel.com/shareholders/report/20f
Company Research
Source: GlobeNewswire
Consolidated revenue – 299.1 bln rubles (+8% compared to FY2016)EBITDA* - 81.1 bln rubles (+23% compared to FY2016)Profit attributable to equity shareholders of Mechel PAO – 11.6 bln rubles MOSCOW, April 05, 2018 (GLOBE NEWSWIRE) -- Mechel PAO (MOEX:MTLR) (NYSE:MTL), a leading Russian mining and steel group, announces financial results for the full year 2017. Mechel PAO’s Chief Executive Officer Oleg Korzhov commented:“The 2017 financial results exceeded those of 2016. High coal prices greatly supported our mining division’s results. The steel division last year had to work in a more difficult environment, but by the end of the year the situation stabilized and the division attained good results. “Metallurgical coal prices in 2017 were influenced by a large number of different factors, including weather cataclysms in Australia, China’s policy of regulating mining and steelmaking volumes, production and shipping probl
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