Metalloinvest net profits increased 2.2-fold YoY in January-March, to $391 million.
The company earnings went up by 85.1%, to $1.52 billion rubles, mostly thanks to the considerable increase of iron ore and steel products average prices, as well as the increase of high added value products sales. EBITDA jumped 2.9-fold, to $527 million.
The mining segment contributed the most to EBITDA growth with $323-million increase. (Ukrainian metal)