Novolipetsk Steel's US GAAP profit up 43.7% in 1H08

MOSCOW, August 26 (RIA Novosti) - Novolipetsk Steel, [LSE: NLMK], one of Russia's largest steel producers, said on Tuesday its net consolidated profit calculated to US GAAP rose 43.7% year-on-year to $1.53 billion in the first half of 2008. The company based in Lipetsk, 438 km southeast of Moscow, earlier said its net profit calculated to Russian Accounting Standards (RAS) climbed 120% year-on-year in the first... [read full story]                    

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