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Russia's Mechel makes first quarterly profit since 2012
MOSCOW, Sept 11 (Reuters) - Russian indebted coal and steel producer Mechel reported on Friday a $34 million net profit for the second quarter after a $273 million net loss in the previous quarter, booking its first quarterly profit since 2012.
Adjusted net loss totalled $152 million while revenue was up 4 percent, quarter-on-quarter, at $1.16 billion, the company said in a statement, adding that its debt restructuring could be completed within a few months.
(Reporting by Andrey Kuzmin and Polina Devitt; Editing by Maria Kiselyova)
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