Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and steel group, in August posted positive EBITDA of $133 million, while in the previous month the figure was $147 million.
According to preliminary unaudited consolidated data from the company’s financial statements under IFRS, revenues in August stood at $555 million, while in the previous month at $568 million.
Comparable results for August 2015 are not given.
According to the report, the adjusted EBITDA of the group’s steel division for August was $73 million (including $19 million from participation in the joint venture), while in July the figure totaled $66 million. The mining division’s EBITDA in August was $66 million (including $9 million from participation in the joint venture), whereas in July it was $55 million.
The costs of the managing company were “minus” $4 million (in July “minus” $9 million).
As a result, the total EBITDA in August was $133 million (including a total of $28 million from participation in the joint venture), whereas in July $147 million. (Interfax/Ukrainian metal)