In January-June Evraz received $344 million of net profit, down by 70% YoY.
Revenue dropped by 3.2%, to $6.14 billion, and EBITDA – by 22.2%, to $1.482 billion.
The decrease is due to the lower prices of vanadium, coal and steel products.
At the same time the company has increased its money flow – from $661 million to $692 million.
Capital expenses amounted to $309 million.
Taking all this into account the Evraz board of directors recommended paying interim dividends of $0.35 per share, or $508 million. (Ukrainian metal)