In 2016 the net profit of Metinvest totaled $118 million as opposed to $1.003 billion of net losses in 2015.
EBITDA increased 2-fold, to $1.153 billion.
Among other things, the EBITDA increase was the result of the drop of raw materials prices, mainly coal, coke and scrap (by $94 million), partially compensated for by the higher consumption of steel (by $69 million).
UGOK and Zaporizhstal shares in EBITDA increased by $61 million and by $12 million respectively.
The group earning last year decreased by 9% YoY, to $6.223 billion, with earnings in metal sector down by $380 million, and in mining – by $229 million. (Ukrainian metal)