OAO Severstal completed the 1 st half of 2009 with a net loss of $ 944 million, including $ 214 million of losses from exchange rate differences before taxes (while in the first half of 2008, net income was $ 1 967 million, including $ 8 million profit from exchange rate differences before taxes).
average selling prices and volume of rental business of the company declined by 29.6% and 25.7% respectively in the first half of 2009 relative to the first half of 2008.
Revenues totaled $ 5 648 million compared with $ 10 719 million in the first half of 2008 as a result of declining sales and falling prices for products.
EBITDA was formed at the level - $ 161 million (compared with $ 2 807 million in the first half of 2008).
amount of cash, short-term deposits and open lines of credit of $ 3 361 million at June 30, 2009, and exceeds current debt obligations. On June 30, 2009 Cash, cash equivalents and short-term bank deposits were at $ 2 579 million cash flow from operating activities during the first half includes the $ 1 036 million, derived from a positive balance of working capital. In the third quarter is expected to release cash from working capital.
Severstal completed the 1 st half of 2009 with a net loss of $ 944 million
OAO Severstal completed the 1 st half of 2009 with a net loss of $ 944 million, including $ 214 million of losses from exchange rate differences before taxes (while in the first half of 2008, net income was $ 1 967 million, including $ 8 million profit from exchange rate differences before taxes).
average selling prices and volume of rental business of the company declined by 29.6% and 25.7% respectively in the first half of 2009 relative to the first half of 2008.
Revenues totaled $ 5 648 million compared with $ 10 719 million in the first half of 2008 as a result of declining sales and falling prices for products.
EBITDA was formed at the level - $ 161 million (compared with $ 2 807 million in the first half of 2008).
amount of cash, short-term deposits and open lines of credit of $ 3 361 million at June 30, 2009, and exceeds current debt obligations. On June 30, 2009 Cash, cash equivalents and short-term bank deposits were at $ 2 579 million cash flow from operating activities during the first half includes the $ 1 036 million, derived from a positive balance of working capital. In the third quarter is expected to release cash from working capital.
volume of investments consistent with the overall target by fiscal year 2009 of $ 1.0 billion in the second quarter the figure was $ 212 million in the first half reached $ 477 million
Further dynamics of Russia's market is likely to be sluggish in the absence of trading on the American sites
It is possible that investors' interest again today will be concentrated in the papers Sberbank
Futures for Brent crude traded at $ 67,29 /barrel, which ensured the opening of Russia's pads with a gap up
In general, the major currency pairs will continue on Monday, closely correlated with the stock indices
Speculation in the papers of Savings Bank, which on Thursday and Friday was particularly noticeable this week will be continued
Accounting Chamber of Russia to test the effectiveness of development RusHydro funds allocated for the restoration of the Sayan-Shushenskaya GES
During the week the pressure on the market will provide accommodation treasuries
Devaluation took
Secret counterparty