Profit of Metalloinvest fell by a third over 9 months due to the loss in Q3

​The fall is explained by the difference in currency exchange rates in the foreign currency part of the debt.

The net profit of Metalloinvest under IAS over 9 months 2015 fell by 33% to $407 mln due to the loss in Q3 2015 at the volume of $110 mln which is mainly connected with the currency exchange rates in the foreign currency part of the debt.

In Jan-September 2015 the company’s revenue fell by 31% to $3.5 bln mainly due to the fall of the world prices for iron ore raw materials. EBITDA fell by 19.6% to $1.2 bln, EBITDA profitability rose to 35% from 30% a year earlier.

The main impact on the dynamics of EBITDA was made by one-time payments in the structure of shipment, mainly, reduction of the stake of hot-briquetted iron with high added value due to the planned capital repair works. The metallurgical segment supported the consolidated EBITDA rate, the stake of the metallurgical segment was 30% or $107 mln.