Date: 6 months ago   Category: Industry

The net profit of Metalloinvest according to IFRS in the first half of the year has grown by 49% — to $870 million — Rambler News Service


The net profit of Metalloinvest according to IFRS in the first half of the year 2018 has grown by 48,7% in comparison with the same period of last year, to $870 million, have reported in the company. Revenue for the same period has grown by 24,6%, to $3,78 billion, the corrected EBITDA indicator – for 40,5%, to $1,49 billion. Profitability on EBITDA has made 39,5% against 35% in the first half of the year 2017. The net debt of the company was reduced for 6,1% to level for December 31, 2017 and has made $3,81 billion. Capital expenditure has grown by 24,5%, to $234 million. The production of iron ore in the first half of the year has decreased by 0,8%, up to 20 million tons, production of pellets has grown by 11,4%, up to 13,6 million tons, goryachebriketirovanny iron (GBZh) – for 21,8%, up to 4 million tons, cast iron – for 8,6%, up to 1,5 million tons, became – for 5,2%, up to 2,5 million tons. Metalloinvest — mining and metallurgical holding, producer of commodity goryachebriketirovanny iron and steel, the producer and the supplier of the iron ore and metallized production. 100% of stocks of the company belong to USM Holdings of Alisher Usmanov and Vladimir Skocha's structures.

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