In 2016 Zaporizhstal increased profits by 89.6% YoY, to 5.2 billion UAH ($201 million).
According to Metinvest statement, Zaporizhstal earnings dropped by 9.7%, to $1.321 billion, while its EBITDA increased by 7.8%, to $165 million.
Metinvest owns 49.9% of Zaporizhstal shares, 24% of Zaporozhye Iron Ore Complex, 42.8% in Zaporozhkoks and 49.2% in Zaporozhogneupor.
Yuzhniy Mining and Processing Works in 2016 increased profits by 34.5% YoY, to 5.904 billion UAH ($228 million). Its earnings went up by 17.8%, to $569 million, EBITDA – 2-fold, to $120 million.
Metinvest owns 45.9% of UGOK shares. (Ukrainian metal)