In its financial results for 2011, Russian mining and steel group Mechel saw its net profit rise by 28.7 percent compared to 2010 to $12.5 billion. In 2011, the company's operating income rose by 19.5 percent year on year reaching $1.83 billion.
Mechel's adjusted EBITDA increased by 18.7 percent year on year to $2.393 billion in 2011. The adjusted EBITDA margin, which had been 20.68 percent in 2010, declined to 19.07 percent in 2011.