Net profit of Metalloinvest grows 3.3 times
Edited by Rhod Mackenzie / 2016-03-16 11:21:59
Finance Metals and mining Russia Financial results Metalloinvest Russia Metals and Mining Iron ore Steel
In 2015, the net profit of the Russian mining and metallurgical company, the leading world producer of HBI, Metalloinvest increased by 3.3 times from $66 million in 2014 to $218 million.
However, the drop in prices for steel and iron ore reduced the company's revenue by 31$ to $4 393 million, and EBITDA by 27% to $1 432 million.
