Share “Mechel” fell almost eight percent during the trading on the Moscow Stock Exchange on Thursday, October 28. At 11:25 pm Paper fell to 139.7 rubles per piece (minus 7.78 percent compared to the closure of the previous trading session).
The fall occurred against the background of the release of the report, which recorded the growth of the company’s net loss on Russian accounting standards (RAS) for nine months almost twice, to 820.6 million rubles. Also affected the decline in coal prices in China by 11.5 percent.
At the end of August, the preferred shares of “Mechel” went up by almost 18 percent, up to 219.9 rubles, after the company’s report output for the second quarter and the first half of the year. Consolidated group revenue for the first six months of the year reached 184.9 billion rubles (plus 40 percent at the annual level).
October 28, due to poor reporting, the shares of another Russian industrial giant collapsed. Paper “Rusal” fell by 5.4 percent on the background of the news about the decline in aluminum sales by 12 percent.