The Russian steelmaker Severstal has issued its financial data for the first quarter of 2007.
According to the company release, during the period in question Severstal's revenues increased by 34.9 percent, its operational profit went up by 53 percent, EBIDTA rose by 43 percent and the company's net profit climbed by 82.5 percent.
The respective figures were $3.677 billion, $635 million, $921 million, and $396 million.
Commenting on the strong results, Severstal stated that favorable prices in both the Russian domestic and foreign markets had positively affected the company's net profit growth.