OREANDA-NEWS. Mechel OAO (NYSE: MTL), a leading Russian integrated mining and steel group, today announced results for the nine months ended September 30, 2006. Net profit of Mechel under US GAAP for January-September 2006 made $372,116 million, or 18,2% more than analogous parameter of the last year that has totalled $314,717 million.

According to the press service of OJSC “Mechel”, proceeds for the period under review increased by 7,9% up to $3,141 billion from $2,91 billion.

EBITDA increased by 17,5% up to $668,539 million from $569,016 million, EBITDA margin – up to 21,3% from 19,6% and the net operational income – by 6,8% up to $482,975 million from $452,027 million.