The cumulated turnover of three of the four complexes owned by Russia’s Mechel group in Romania that are listed on the Bucharest Stock Exchange in the first nine months of this year rose by 83%, to 1.23bn RON (294.4m euros).
Mechel Târgoviște special steel plant (COS) saw its turnover go
up by 56% in the first nine months, to 601.6m RON (143.7m euros), a
pace that maintained in the third quarter. Still, the company’s
losses widened by 29% in July-August period, to 31.2m RON, so that
nine-month losses reached 79.5m RON. In the first three quarters of
2009, Mechel Târgoviște had posted bigger losses, of 97.1m
RON.
Another two plants owned by Mechel in Romania, namely the one of
Câmpia Turzii and Laminorul Brăila (LMRU), have managed to step
into the black in the third quarter, with a net profit of 5.8m RON
and 18.7m RON, respectively, after having posted significant losses
in the previous quarters.
All the three plants had been loss-making at the end of the first
nine months of this year, with the overall negative result standing
at 140.1m RON.