Russia: PMH revenue up on 2017

In 2017 the Industrial Metallurgical Holding increased revenue by 32%, to 85.36 billion rubles. The company net profit dropped by 18%, to 7.6 billion rubles, while its gross profit increased by 38%, to 27.9 billion rubles. EBITDA grew by 45%, to 17 billion rubles. The company product prime cost increased by 29%, to 57.4 billion…

Russia: PMKh output down in Q1 2017

In January-March the Industrial Metallurgical Holding enterprises mined 542 thousand tons of coking coal, down by 28% QoQ. The decrease was the result of the planned disassembly and assembly of machinery at Butovskaya mine and the short calendar period of the first quarter. Berezovskaya factory decreased coal concentrate processing by 6% QoQ, to 644 thousand…

Russia: PMH output up in 2016

In 2016 the Industrial-Metallurgical Holding, the largest coke manufacturer and pig iron supplier in Russia, mined 2.21 million tons of coking coal, up by 16.8% YoY. According to the company statement, its coal concentrate production increased by 19.8% YoY, to 2.637 million tons, while that of iron ore – by 1.2%, to 5.023 million tons,…

Russia: PMKh net profits up in H1 2016

In January-June the Industrial-Metallurgical Holding received 4.51 billion rubles of net profits, up by 7.1% YoY. EBITDA dropped by 44.34%, to 4.52 billion rubles. PMKh decreased income by 3.76% YoY, to 28.28 billion rubles. In H1 the company mined 925 thousand tons of coking coal, down by 13% YoY. Coal concentrate output went up by…