22
Aug
16:34
Metalloinvest ramps up profit despite revenue fall
Russian iron ore miner and metallics and steel producer Metalloinvest increased net profit in the first half of the year. However, revenue and Ebitda fell slightly amid softer steel and pig iron prices and a reduction in sales volumes, the company says.
The company's revenue shrunk -5.2% on-year to $3.58 billion, and Ebitda fell -5.4% to $1.41 billion. Despite this, the company kept profitability at 39.3%, roughly flat on H1 2018, and increased net inco…
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Anonymous
Very good overview of the weekly steel market.
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