In January-June Metalloinvest received $428 million of net profits, down by 17.2% YoY.
According to the company statement, its revenues dropped by 20.8% YoY, to $1931 million. EBITDA decreased by 38.9%, to $533 million.
Net debts remained on the December 31, 2015 level at $3851 million.
The company believes the drop in its finances has been caused by the world market situation. In H1 the average iron ore price decreased to $52 per ton, down by $8 YoY. (Ukrainian metal)