Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Mechel’s Quarterly Profit Four Times Below Estimates

OAO Mechel, Russia’s largest producer of steelmaking coal, posted second-quarter profit that missed analyst estimates by more than four times.

Net income was $38.2 million compared with $219 million a year earlier, Bloomberg calculations show. That fell short of the $175 million median estimate of five analysts in a Bloomberg survey. Second-quarter net income was derived by subtracting first-quarter profit from first-half profit.

Sales jumped 90 percent $2.43 billion during the quarter from a year earlier, according to the calculations.

For the first half, Mechel swung to a profit of $120.8 million from a loss of $471 million a year earlier, it said in a statement on its website. Revenue rose 76 percent to $4.33 billion during the six months, the company said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.