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EQS-News: PJSC Mechel : Mechel Reports the 1Q 2021 Financial Results
vom 20.05.2021, 11:30 Uhr
Bild: pixabay.com
PJSC Mechel : Mechel Reports the 1Q 2021 Financial Results
20.05.2021 / 12:30 MSK
MECHEL REPORTS THE 1Q 2021 FINANCIAL RESULTS
EBITDA[ ] - 18.2 bln rubles (+39% compared to 1Q 2020)
Profit attributable to equity shareholders of Mechel PAO - 7.9 bln rubles
Moscow, Russia - May 20, 2021 - Mechel PAO (MOEX: MTLR, NYSE: MTL), a leading Russian mining and steel group, announces financial results for the 1Q 2021.
Mechel PAO s Chief Executive Officer Oleg Korzhov commented: The Group s consolidated revenue in 1Q2021 was 76.0 billion rubles, which is 10% more than in the previous quarter. EBITDA reached 18.2 billion rubles, demonstrating an 88% growth quarter-on-quarter.
EQS-News: PJSC Mechel: Mechel Reports the 1Q 2021 Financial Results
PJSC Mechel: Mechel Reports the 1Q 2021 Financial Results
20.05.2021 / 12:30 MSK
MECHEL REPORTS THE 1Q 2021 FINANCIAL RESULTS
Consolidated revenue - 76.0 bln rubles (+13% compared to 1Q 2020)
EBITDA[ ] - 18.2 bln rubles (+39% compared to 1Q 2020)
Profit attributable to equity shareholders of Mechel PAO - 7.9 bln rubles
Moscow, Russia - May 20, 2021 - Mechel PAO (MOEX: MTLR, NYSE: MTL), a leading Russian mining and steel group, announces financial results for the 1Q 2021.
Mechel PAO s Chief Executive Officer Oleg Korzhov commented: The Group s consolidated revenue in 1Q2021 was 76.0 billion rubles, which is 10% more than in the previous quarter. EBITDA reached 18.2 billion rubles, demonstrating an 88% growth quarter-on-quarter.
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Mechel PAO, one of Russia’s leading mining and steel companies, has reported that the group’s Southern Kuzbass Coal Co. is launching the second section of the longwall 3-1-11’s working area at Sibirginskaya Underground Mine. Investment topped RUB 300 million.
The longwall 3-1-11 lies 450 m deep. The new extraction area’s industrial coal reserves are estimated at 1.5 million t. The working face’s seam height is 4 m, with the length of 220 m and an extraction panel of 1070 m.
The longwall’s second section is equipped with a cutter-loader, an overloader, a crusher, a 220 m belt conveyor, and a 130-section powered support system. All of the longwall’s equipment is fully compliant with modern safety requirements.
PJSC Mechel : Mechel Reports Launching New Production Area at Sibirginskaya Underground Mine apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.