Net loss of “Mechel” on RSBU in 2015 increased 38%

Net loss of “Mechel” on RSBU in 2015 increased 38%


The growth rate due to the increase in interest expense on debts to banks and subsidiaries. The company’s revenue for the reporting period has increased by 43.8%.

MOSCOW, 14 Mar. Net loss of “Mechel” on RSBU in 2015 amounted to $ 31,911 billion, which was 38.2% more than at the end of 2014 (23,086 billion rubles), follows from the statements of the company.

The increase in losses was due to increased interest expense on debt obligations to banks and subsidiaries notes “Mechel”.

The company’s revenue for the reporting period has increased by 43.8% to 5,711 billion rubles, gross profit rose almost 1.9 times — up to 5,577 billion rubles, sales profit — by almost 2.3 times, up to 4,168 billion. The loss before tax amounted to $ 31,969 billion rubles, which is 38.7% more than the 2014 level.

Long-term liabilities of Mechel as of the end of 2015 increased to 126,18 billion rubles from 103,5 billion rubles at the end of 2014. Short-term liabilities of the company for 2015 has grown on 37,7% and amounted to $ 92,076 billion.

“Mechel” — one of the world’s leading companies in the mining and metallurgical industries, founded in 2003. It includes over 20 industrial enterprises — producers of coal, iron ore, steel, rolled products, ferroalloys, heat and electric energy.