Profit and loss statement

USD million 2012* 2013 2014 2015 2016 2017
Sales revenue 12,157 10,818 10,396 8,008 7,636 10,065
Production cost, amortization -9,262 -8,666 -7,389 -5,496 -5,074 -6,798
Gross profit 2,894 2,153 3,007 2,512 2,562 3,267
Operating income** 1,133 609 1,588 1,387 1,487 2,031
Income from continuing
operations before income
tax and minority interest
915 419 1,136 1,321 1,172 1,823
Income tax expense -305 -255 -362 -353 -233 -371
Net income attributable
to NLMK stockholders ***
610 145 773 967 935 1,450
EBITDA 1,900 1,480
2,381 1,943 1,943 2,655
EBITDA margin, % ** 16% 14%  23% 24% 25% 26%
Operating profit margin % 9% 6% 15% 17% 19% 20%
Basic and diluted earnings
per comon share ($)
0.099 0.024 0.129 0.161 0.156 0.242
Base Dividend per share ($) 0.0193
0.0192 0.0507 0.1076 0.1535  

Notes:

*2012 results are presented in accordance with US GAAP; 2013-2017 results are presented in accordance with IFRS

** Operating profit before share of results of joint ventures, impairment of non-current assets and loss on disposals of property, plant and equipment

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