As per its financial results according to international financial reporting standards (IFRS) for the first half of the current year, Russia-based leading global iron ore and hot briquetted iron (HBI) producer Metalloinvest saw its net income decline by 11.6 percent year on year to $549 million. In the given period, the company's revenues decreased by 7.2 percent compared to the second half of 2013 to $3.533 billion.
Metalloinvest's EBITDA decreased by 11.6 percent year on year to $1.087 billion in the first half this year, while its EBITDA margin, which had been 32.3 percent in the first half last year, declined to 30.8 percent for the first six months of the current year.