NOVOLIPETSK STEEL BOOSTS Q2 REVENUE 99 percent, EARNINGS 250 percent

摘要

Novolipetsk Steel (NLMK) boosted sales revenue to Russian accounting standards 55 percent year-on-year in the second quarter of 2008 to 58.945 billion rubles. Net profit soared 250 percent year-on-year to 36.89 billion rubles, the London-listed Russian steel major said in a financial statement. Revenue grew on the back of higher sales volumes and steel prices. Dividends received from subsidiaries contributed to the profit growth in the second quarter. The NLMK group includes the core production facility Novolipetsk Steel, Denmark's DanSteel A/S, iron ore producer Stoilensky Mining and Processing, coke producer Altai-Koks, transformer steel producer VIZ-Stal and steel mini-mill developer Maxi Group.