15 Dec 2011 12:16

Mechel boosts Q3 EBITDA 9% to $678 mln, as forecast

MOSCOW. Dec 15 (Interfax) - Mechel boosted earnings before taxes, depreciation and amortization (EBITDA) to US GAAP 9% year-on-year in Q3 2011 to $678 million, the coal and steel group said in a statement.

This was a shade above the $670 million that analysts predicted in a consensus forecast for Interfax.

Net profit was $26 million in Q3 2011, down from $341 million in the same period of last year.

Overall debt was $9.5 billion as of September 30. Cash and cash equivalents were $518 million, and net debt was $9 billion.