MMK says IFRS JanuaryЦJune net profit slumps by 26% to $497 mln - 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 says IFRS JanuaryЦJune net profit slumps by 26% to $497 mln

MOSCOW, Aug 1 (PRIME) -- The net profit of RussiaТs Magnitogorsk Iron and Steel Works (MMK) fell 25.9% on the year to U.S. $497 million in JanuaryЦJune, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Thursday.

Revenue went down 7.8% on the year to $3.835 billion in the period.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased 22.6% to $937 million, with the EBITDA margin shrinking to 24.4% from 29.1%.

For further details, see the companyТs statement on its official website: http://eng.mmk.ru/upload/medialibrary/15b/Press_release_IFRS_2Q2019_ENG.pdf

End

01.08.2019 09:27
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 80.2689 -0.1445 11 jul
USD 71.2298 +0.3498 11 jul
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1245.65 +0.91 18:50 10 jul
micex 2800.94 +0.67 18:50 10 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 200.70 +0.63 23:14 11 jul
lkoh 5094.00 +0.14 23:14 11 jul
rosn 364.20 -0.01 23:13 11 jul
sber 212.40 +1.57 23:14 11 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 80.1125 -0.1575 14:59 10 jul
USDTD 70.6675 -0.2200 17:44 10 jul