The NLMK Group’s consolidated sales revenue for the first nine months of 2005 (under US GAAP) was USD 3,387.7 million, an increase of 5.4% compared to the first nine months of 2004.
Gross profit decreased by 3.1% to USD 1,629.1 million. Net income was USD 1,045.8 million, a decrease of 19.2% compared to the first nine months of 2004.
Net income represented the main source of growth in NLMK’s total assets in the first nine months of 2005. As of September 30, 2005, total assets amounted to USD 5,966.6 million, an increase of 15.5% fromDecember 31, 2004.