Russia: Metalloinvest net profit up in January-September 2017

In January-September Metalloinvest received $1.089 billion of net profit, up by 53.8% YoY.

Revenue totaled $4.556 billion, up by 52.4% YoY.

EBITDA grew by 80.8%, to $1.544 billion, with metallurgical segment of the company EBITDA up by 39.8%, to $267 million. (Ukrainian metal)

Russia: Metalloinvest shuffles board of directors

Metalloinvest has changed the composition of its board of directors. The new board comprises Ivan Streshinsky, chairman, Galina Aglyamova, independent non-executive director, Andrey Varichev, executive director, Valery Kazikayev, independent non-executive director, Nikolay Krylov, independent non-executive director, Irina Lupicheva, non-executive director, Pavel Mitrofanov, non-executive director, Gleb Kostikov, non-executive director, and Dmitry Tarasov, independent director. The board…

Russia: Metalloinvest discusses freight transport partnership opportunities

A meeting has taken place at Lebedinsky GOK (a part of Metalloinvest) to discuss Metalloinvest enterprises’ partnership with the rolling stock operating company New Forwarding Company (a part of Globaltrans Group), specifically focusing on issues relating to freight transport organization in the current year, as well as in 2018-2019. Participants of the meeting included: representatives…

Russia: Metalloinvest net profit up in H1 2017

In January-June Metalloinvest increased its net profit by 36.7% YoY, to $585 million.

The group earnings reached $3.032 billion, up by 57%. EBITDA was $1.061 billion, up by 99.1%.

Metalloinvest net debt totaled $3.602 billion. (Ukrainian metal)

Russia: Metalloinvest to sell all its Nornickel shares

Metalloinvest Cyprus Ltd. intends to sell 28.38 million ADR of Norilsk Nickel, or 1.79% of the total stock.

These are all Metalloinvest shares in Nornickel.

In 2016 Metalloinvest sold 1.4% of Nornickel shares for $341.7 million. (Ukrainian metal)

Russia: Fitch affirms Metalloinvest rating with stable outlook

Metalloinvest has announced that Fitch Ratings (Fitch) confirmed the company’s long-term issuer default rating at ‘BB’ with a Stable outlook. In accordance with Fitch’s opinion reflected in the published release, Metalloinvest demonstrated financial resilience at times of volatile global pricing in iron ore and steel products and consistently reduced its absolute level of debt over…

Russia: Metalloinvest revenue up in 2016

In 2016 Metalloinvest increased revenue by 5.4% YoY, to 283.1 billion rubles. Profits rocketed 7-fold, to 72.5 billion rubles. Fixed liabilities dropped from 268.3 billion rubles, to 248.2 billion rubles, but current liabilities decreased 14-fold, to 3.5 billion rubles. The Metalloinvest board of directors decided to pay 14.2 billion rubles of dividends. Last year the…