In 2019, Industrial and Metallurgical Holding (PMH) increased net profit by 372% YoY, to 6.1 billion rubles due to exchange rate differences.
Revenue dropped by 3%, to 86.8 billion rubles, mostly because of the decrease of pig iron and coke products prices, as well as a fall in coal output.
Gross profit decreased by 15%.
EBITDA was 16.4 billion rubles, down by 15%. (Ukrainian metal)