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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