17
Mar
15:48
Metalloinvest 2019 profit grows despite lower revenue, sales
Russian iron ore miner and steel producer Metalloinvest’s slightly weaker financial performance in 2019 did not affect net income, which rose 5.1% on-year to $1.73 billion, Kallanish learns from the company.
The company's revenue of $6.96 billion declined on-year by -3.2%, while Ebitda declined by -14.3% on-year to $2.51 billion. This affected profitability, which fell 4.7 percentage points on-year to 36.1%.
The company continued to invest in …
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Very good overview of the weekly steel market.
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