Russia’s Metalloinvest IFRS net profit grows 37% January–June

MOSCOW, Aug 22 (PRIME) -- The net profit of Russian metals holding Metalloinvest grew 36.7% on the year to U.S. $585 million in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Tuesday.

Revenue rose 57% to $3.032 billion due to global iron ore and steel price increase, and strengthening of the ruble.

Earnings before interest, taxes, depreciation and amortization (EBITDA) doubled to $1.061 billion and return on EBITDA rose to 35% from 27.6%.

For further details, please, see the company’s statement on its official Web site:

http://www.metalloinvest.com/en/media/press-releases/186467/

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