Russia: PMH revenue down in 2019

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%.…

Russia: PMH output up in 2019

In 2019 PMH increase pig iron output to 2.362 million tons. Coke manufacture grew by 2%, to 2.592 million tons, and sales – by 10%, to 2.689 million tons due to the increase of exports. Coal mining in the second half of 2019 increased by 43% HoH and by 8% YoY, to 1354 thousand tons.…

Russia: PMH net profit up in H1 2019

In January-June the Industrial and Metallurgical Holding received 46.4 billion rubles of consolidated revenue, up by 8% YoY. Gross profit decreased by 11% mostly due to the growth of expenses on raw materials. Operational profit decreased by 39%. Net profit amounted to 4.5 billion rubles, up by 116% YoY. EBITDA LTM stood at 17.3 billion…

Russia: PMH output up in H1 2019

In January-June PMH, one of the world major suppliers of pig iron and the largest manufacturer of coke in Russia, increased output. Thus, pig iron manufacture grew by 2% YoY, to 1.223 million tons, coal concentrate – by 1%, to 1.213 million tons, and 6% moisture coke – by 13%, to 1.373 million tons. At…

Russia: new CEO appointed to PMH-Ugol

Industrial-Metallurgical Holding has appointed Alexander Kukolev the CEO of its subsidiary – PMH-Ugol. He has replaced Andrei Sushentsev, who has been heading the company since 2018. Kukolev started working at the Berezovskaya Central Processing Factory in 1999. In August 2015 – February 2016 he has been the first deputy CEO at Koks-Mining LLC, before returning…