28th Apr 2009 09:45
NLMK
28 April 2009
Re regulatory notice
NLMK (LSE: NLMK) has today published on its website, in accordance with Russian regulatory requirements, a short update noting an increase in net profit of over 10%, calculated according to Russian Accounting Standards (RAS) for its parent company OJSC "NLMK" located in Lipetsk, Russia, as follows:
"According to the financial results for the first quarter of 2009, calculated according to the Russian Accounting Standards (RAS), for the parent company OJSC NLMK, net profit reached RUR 138.9 million, an increase of RUR 3,458.8 million from the net loss in the fourth quarter of 2008. This increase in net profit is mainly attributable to the absence of income tax charges for the period and increased deferred tax assets".
Note: the RAS accounting results of are not indicative of the financial condition or results of these entities under US GAAP.
For further information:
NLMK
Anton Bazulev +7 495 915 1575
Financial Dynamics
Jon Simmons +44 207 831 3113
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