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Mechel announces about RAS net profit for 6 months of 2021 equal to RUB 1.25 billion. Total revenue’s increase is 16.82%

July 21, 2021 Cbonds
Mechel publishes the financial statements for 6 months of 2021 prepared according to the Russian accounting standards (RAS).

Mechel revenue for 6 months of 2021 is equal to RUB 9.89 billion, while for 6 months of 2020 it amounted to RUB 8.47 billion.

Net profit in the reference period amounted to RUB 1.25 billion compared to RUB -422.72 million for 6 months of 2020.

According to the accounting statements of Mechel, total assets’ decrease is 0.13% YoY. Non-current assets of Mechel are equal to RUB 282.23 billion. Current assets decreased by 20.7% to RUB 11.37 billion. Capital and reserves increased by 0.05% to RUB 8.71 billion.

Long-term liabilities’ increase is 22.14% YoY. Current liabilities’ decrease is 92.47% YoY.
Company — Mechel
  • Full name
    Mechel PAO
  • Registration country
  • Industry
    Ferrous metals