Income and loss statement

USD million 2011* 2012* 2013* 2014* 2015 2016
Sales revenue 11,729 12,157 10,818 10,396 8,008 7,636
Production cost, amortization -8,369 -9,262 -8,666 -7,389 -5,496 -5,074
Gross profit 3,359 2,894 2,153 3,007 2,513 2,563
Operating income** 1,666 1,133 609 1,588 1,388 1,489
Income from continuing
operations before income
tax and minority interest
1,682 915 419 1,136 1,321 1,172
Income tax expense -421 -305 -255 -362 -353 -233
Net income attributable
to NLMK stockholders ***
1,315 610 145 773 967 935
EBITDA 2,282 1,900 1,480
2,381 1,948 1,941
EBITDA margin, % ** 19.5% 16% 14%  23% 24% 25%
Operating profit margin % 14% 9% 6% 15% 17% 19%
Basic and diluted earnings
per comon share ($)
0.227 0.099 0.024 0.129 0.161 0,156
Base Dividend per share ($) 0.0627
0.0193
0.0192 0.0507 0,1076 n/a

Notes:

*2010-2012 results are presented in accordance with US GAAP; 2013-2014 results are presented in accordance with IFRS

** For 2013-2014 - operating profit before equity share in net losses of associates and other companies accounted for using the equity method of accounting, impairment and write-off of assets

***For 2010-2012, net income attributable to NLMK shareholders