In 2018 PMH consolidated revenue exceeded 89 billion rubles, up by 5% YoY. The prime cost of products sold totaled 64.4 billion rubles, up by 12%. Gross profit dropped by 10%. EBITDA was 19.3 billion rubles, almost flat YoY. Net profit decreased by 83%, to 1.3 billion rubles, mostly due to currency exchange rate difference.…
In 2018 the Industrial Metallurgical Holding enterprises increased output. Thus, Tulachermet produced 2.34 million tons of pig iron, up by 3% YoY. The company operated two furnaces, which were repaired in July-August 2017 and in August 2018. Coalmining enterprises had a task of decreasing ash content in coal. The Butovskaya mine was able to decrease…
In January-June the Industrial Metallurgical Holding mined 1379 thousand tons of coking coal, up by 20% YoY. Pig iron output at Tulachermet grew by 3%, to 1201 thousand tons, mostly because of the blast furnace No. 3 modernization in 2017. Coal concentrate mining reached 1202 thousand tons, down by 4%. Iron ore output dropped by…
RAEX rating agency (Expert RA) has assigned IMH credit rating ruBBB+ with a stable outlook. RAEX in its report notes the company’s high liquidity level and diversification of sales by geography and customers. The agency outlines the company’s strong positions on the pig iron and metallurgical coke markets – key sales areas of the group.…
In January-March PMH-Ugol mined 798 thousand tons of coking coal, up by 22% YoY. According to the holding statement, the increase has to do with the mines named after Tikhov and the second stage of Butovskaya mine, commissioned in May 2017, gradually reaching full capacity. Coal concentrate output at Berezovskaya factory grew by 4%, to…
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…
In January-September the coal division of the Industrial-Metallurgical Holding increased coking coal output by 50%, to 2.17 million tons. The increase is the result of two mines put in operation in May. Coal concentrate output at Berezovskaya Central Processing Factory totaled 1.87 million tons, down by 4% YoY. Coke output in 3 quarters dropped by…
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…