Russian mining and steel producing company Evraz Group has announced its financial results for the first six months of 2012.
In the given period, Evraz registered a consolidated revenue of about $7.619 million, decreasing 9.1 percent compared to the same period of last year. Consolidated EBITDA of Evraz for the first six months was $1.175 million, down 27.9 percent year on year. In the January-June period, the group's net loss amounted to $50 million, compared to a net profit of $263 million at the same period of 2011. The company's net debt as of June 30, 2012 amounted to $6.070 million, decreasing 5.8 percent from the net debt at the end of 2011.
In the first half of this year, Evraz produced 8.4 million mt of crude steel, down two percent year on year. Total external steel sales decreased by three percent year on year to 7.7 million mt.