Mechel posts net profit of 121 mln dollars in H1, below forecast

摘要

Mechel coal and steel group posted a net profit of 121 million dollars in the first half of 2010 under US GAAP, the company said in a statement. Analysts told Interfax in a consensus forecast that the net profit would be in the range 90 million dollars-362 million dollars depending on non-recurring items. Given that the net profit in the first quarter was 83 million dollars, the actual result for the second quarter was well below forecast.