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NLMK announces about increased RAS net profit for 6 months of 2021, up 251.21% YoY. Total revenue’s increase is 72.8%

July 22, 2021 Cbonds
NLMK publishes the financial statements for 6 months of 2021 prepared according to the Russian accounting standards (RAS).

NLMK revenue for 6 months of 2021 is equal to RUB 371.96 billion, while for 6 months of 2020 it amounted to RUB 215.25 billion.

Net profit in the reference period amounted to RUB 113.75 billion compared to RUB 32.39 billion for 6 months of 2020.

According to the accounting statements of NLMK, total assets’ increase is 14.95% YoY. Non-current assets of NLMK are equal to RUB 394.16 billion. Current assets increased by 22.11% to RUB 266.49 billion. Capital and reserves decreased by 5.62% to RUB 279.83 billion.

Long-term liabilities’ increase is 14.14% YoY. Current liabilities’ increase is 55.81% YoY.
Company — NLMK
  • Full name
    Novolipetsk Iron and Steel Corp. (NLMK)
  • Registration country
    Russia
  • Industry
    Ferrous metals