In H1, MMK made a net profit of $80 million by ISA
Edited by Rhod Mackenzie / 2014-08-22 10:05:46
Finance Metals and mining Russia Financial results Magnitogorsk metallurgic plant MMK Russia Metals and Mining Steel
In H1, MMK made a net profit of $80 million by ISA compared to $136 million in H1 2013. In Q2, profit was $159 million compared to loss of $79 million in Q1 2014.
EBITDA was $693 million in H1 2014 versus $678 million in H1 2013, taking into account the effect from the sales of MMK-Trans for $131 million. In Q2, EBITDA increased by 35.7% to $399 million.
