The Ukrainian Metal

Russia: Metalloinvest revenue down in H1 2019

In January-July Metalloinvest received $3,854 million of revenue, down by 5.2% YoY.

EBITDA dropped by 5.4%, to $1,410 million.

Net profit grew by 17.2%, to $1,020 million.

Net debt increased by 6.6%, to $3,581 million compared with December 31, 2018.

The group mined 19.7 million tons of iron ore, down by 1.8%, and produced 14.1 million tons of pellets, up by 3.1%, 4 million tons of HBI, up by 0.7%, 1.4 million tons of pig iron, down by 6.3%, and 2.4 million tons of steel, down by 2.7%. (Ukrainian metal)

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