In January-June Metinvest increased EBITDA by 45% YoY, to $839 million.
According to the group statement, earnings increased by 36%, to $3.913 billion, but net profit fell by 20%, to $72 million.
The EBITDA growth was the result of the increase of sales prices ($1.192 billion), EBITDA share increase in joint companies ($69 million), as well as the hryvnia devaluation ($70 million).
The decrease of the net profit is explained by the considerable increase of expenses ($773 million) mostly on the background of the raw materials and energy carriers price rise, as well as the loss of assets on the uncontrolled territory ($329 million) and the growth of the profit tax ($93 million). (Ukrainian metal)