OREANDA-NEWS. On September 04, 2007 OJSC Novolipetsk Steel (NLMK), the LSE listed leading Russian steel producer, announced its consolidated results for the first half of 2007, reported the press-centre of NLMK.

Highlights:

Strong H1 2007 financial results
- Sales revenues amounted to USD 3,609.1 million (+42% YoY)

- Cash flows from operating activities were USD 1,366.9 million (2,6 times YoY)

- EBITDA amounted to USD 1,570.6  million (+59% YoY);  EBITDA margin 44%

- Cash and cash equivalents USD 1,348.6  million as at 30 June, 2007.

Full report see here: http://www.nlmksteel.com/StandardPage____969.aspx