Russia’s Metalloinvest sees 11.6 percent drop in net profit in H1

Tuesday, 26 August 2014 15:57:55 (GMT+3)   |  
       

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.


Similar articles

Metalloinvest’s sales revenues rise in 2021 as iron ore demand recovers

24 Feb | Steel News

Metalloinvest’s sales revenues rise in H1 amid higher iron ore and steel prices

19 Aug | Steel News

Metalloinvest’s net profit falls in 2020 amid varying exchange rate trends

24 Feb | Steel News

Metalloinvest posts higher net income for Jan-Sept

28 Nov | Steel News

Metalloinvest posts higher net income while its revenue falls

22 Aug | Steel News

Metalloinvest’s iron ore output up 0.2 percent in 2018

31 Jan | Steel News

Metalloinvest’s revenues up 24.6% in H1 due to higher sales of HVA products

27 Aug | Steel News

Metalloinvest’s revenues up 19.3% in Q1 amid higher sales prices

18 Jun | Steel News

Metalloinvest’s sales revenues up 46.2 percent in 2017 due to higher prices

15 Mar | Steel News

Metalloinvest’s revenues up 52.4% in Jan-Sept amid higher steel prices

23 Nov | Steel News