In its financial results according to international financial reporting standards (IFRS) for the first half of 2012, Russia-based leading global iron ore and hot briquetted iron (HBI) producer Metalloinvest increased its net income to $1.312 billion compared to $975.4 million in the same period of last year. In the January-June period of this year, the company's consolidated revenues decreased by 7.6 percent compared to the second half of 2011 and down 13.13 percent year on year to $4.458 billion.
Metalloinvest's EBITDA decreased by 17 percent year on year to $1.642 billion in H1 2012, while its EBITDA margin, which had been 39 percent in H1 2011, declined to 36.8 percent in H1 2012.
Metalloinvest's EBITDA decreased by 17 percent year on year to $1.642 billion in H1 2012, while its EBITDA margin, which had been 39 percent in H1 2011, declined to 36.8 percent in H1 2012.