In 2016 Metalloinvest received $1.15 billion of net profits, up 5.3-fold YoY.
The company revenues decreased by 3%, to $4.26 billion. EBITDA dropped by 12.2%, to $1.258 billion. The company debts decreased to $3.16 billion from $3.56 billion as of December 31, 2015.
“In 2016 Metalloinvest reached record iron ore output volumes at Lebedinsky and Mikhailovsky GOKs, as well as steel at OEMK and pig iron at Ural Steel. This year we plan to put into operation one of the largest HBI mills in the world at Lebedinsky GOK”, Metalloinvest CEO Andrei Varichev said. (Ukrainian metal)