En+ Group’s IFRS net profit falls by 98% to $20 mln in Jan–June

MOSCOW, Aug 18 (PRIME) -- The net profit of Russia’s En+ Group of tycoon Oleg Deripaska fell by 97.7% on the year to U.S. $20 million in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Tuesday.

Revenue fell 14.7% on the year to $4.9 billion in the period.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) dropped 36.2% to $756 million.

For further details, see the company’s report on its official website:

https://enplusgroup.com/en/media/news/press/en-group-1h-2020-financial-results/

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