In January-June Ceramet increased its EBITDA by 4.32% YoY, or by 3.73 million UAH, to 90.06 million UAH.
According to the company statement, its EBIT went up by 11% YoY, to 83062 thousand tons.
The group paid over 11 million UAH of taxes, including 4.3 million UAH of income tax and 2.76 million UAH of social tax.
In H1 Ceramet invested some 1.5 million UAH into its Ukrainian assets.
“We plan to expand our scrap-procuring base in Europe, as the local market is under unfavorable conditions”, said the company CEO Vladimir Bubley.
This year all Ukrainian products of the company are sold on the local market, with Keramet Hungary Kft. and Keramet Polska Sp. z o.o. supplying themselves with raw materials from Europe.
“Scrap prices on the local market are low, so scrap procurement in Ukraine will continue to drop. Due to the lose of exports the market will shrink by 30% more”, Bubley noted.
In 2015 Ceramet received 0.5 million UAH of net profits. (Ukrainian metal)