The Ukrainian mining and steel producing group Metinvest has announced its results for the nine months of 2012.
In the given period, Metinvest's net profit amounted to $420 million, while its consolidated revenues amounted to $9.777 billion, representing a decrease of eight percent compared with $10.646 billion in the same period last year. The decrease in consolidated revenues was a result of a 10 percent decline in revenues of the metallurgical division and a three percent fall in revenues of the mining division. The metallurgical division accounted for 74 percent of external sales, compared to 75 percent in the same period last year, while the mining division accounted for 26 percent, up from 25 percent in the first nine months of 2011.
The company's adjusted EBITDA in the first nine months of this year amounted to $1.531 billion with an EBITDA margin of 16 percent.