Russia: Metalloinvest net profits up in Q1 2017
Metalloinvest net profits increased 2.2-fold YoY in January-March, to $391 million. The company earnings went up by 85.1%, to $1.52 billion rubles, mostly thanks to the considerable increase of iron ore and steel products average prices, as well as the increase of high added value products sales. EBITDA jumped 2.9-fold, to $527 million. The mining…
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