MMK IFRS net profit rises 15.8% to $279 mln in JanЦMar - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

MMK IFRS net profit rises 15.8% to $279 mln in JanЦMar

MOSCOW, May 8 (PRIME) -- The net profit of RussiaТs Magnitogorsk Iron and Steel Works (MMK) rose 15.8% on the year to U.S. $279 million in JanuaryЦMarch, as calculated under International Financial Reporting Standards (IFRS), the company said in a report Tuesday.

Revenue increased 23.8% to $2.055 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 23.9% to $560 million.

For further details, please, see the companyТs report on its official website:

http://eng.mmk.ru/upload/iblock/368/MMK_IFRS_1Q2018_ENG.pdf

End

08.05.2018 09:44
 
 
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