VSMPO-Avisma IFRS net profit rises 26% to $210 mln in Jan–June

MOSCOW, Aug 29 (PRIME) -- The net profit of Russian titanium giant VSMPO-Avisma grew 25.5% on the year to U.S. $210.3 million in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a report Thursday.

Revenue increased 3.6% to $814 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell 3.7% to $305.9 million.

Long-term liabilities decreased to $1.670 billion as of June 30 from $1.719 billion as of December 31, while short-term liabilities rose to $705.1 million from $472 million.

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