10 Dec 2010 17:20

Mechel to publish US GAAP results for Jan-Sept on Dec 14

MOSCOW. Dec 10 (Interfax) - Mechel Group will publish its US GAAP financial results for January-September 2010 on Tuesday, December 14, the company said in a statement.

A consensus-forecast of analysts from leading banks and financial companies will be published by Interfax on Monday, December 13.

Mechel posted $121 million in US GAAP net profit for the first half of 2010, EBITDA - $781 million and sales revenue - $4.3 billion. The company's sales revenue for the first nine months of 2009 came to $4.034 billion, net losses - $339.8 billion and EBITDA - $315.6 million.

Mechel has consolidated controlling stakes in coal and steel companies and a number of ports. General Director Igor Zyuzin is Mechel's chief beneficiary. The free float is around 30%.