The Ukrainian Metal

Russia: Evraz’s IFRS net profit up in 2018

The net profit of the U.K.-based mining giant Evraz, which operates mainly in Russia, more than tripled to $2.47 billion in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 28.

Consolidated revenue rose by 18.6%, to $12.836 billion.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) soared by 43.9%, to $3.777 billion. (Prime/Ukrainian metal)

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