(EnergyAsia, October 12 2010, Tuesday) — Helped by increased coal profits, Mechel OAO, a leading Russian mining and steel group, said it made a net income of US$120.8 million for the first half of 2010, turning around from a US$471.4 million loss in the same period last year. Revenues surged 76.1% to US$4.33 billion over…
RUSSIA: Mechel reports 1H 2010 net income of US$120 million vs 1H2009 loss of US$471million
Posted on October 11, 2010 by EnergyAsia