Russian mining and steel group Mechel OAO (MTL) reported full-year net loss attributable to common shareholders of $1.74 billion, compared with a $649.6 million profit last year. On an adjusted basis, net income totaled $23.04 million for the recent year.
The operating loss in 2012 amounted to $897.9 million or -8% of the net revenue, as against an operating income of $1.84 billion or 14.7% of the net revenue in 2011, the company added.
Revenue from external customers for the full year 2012 was $11.27 billion, down from last year's $12.54 billion, down by 10.1%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.