First quarter of 2009 showed $194 m of net loss. The net profit fell by 55 per cent against 4Q2009, in part reflecting poor financial performance of NLMK
—Duferco Group joint-venture which brought $27 m of losses. In 2Q2010 the company expects better performance from the JV.
By the end of 1Q2010, NLMK’s financial liabilities amounted to $2.536 bn, 79 per cent of short-term debts included.