In Q2, ArcelorMittal increased its net profit
Edited by Rhod Mackenzie / 2015-07-31 10:23:53
Today, the largest steel company in the world ArcelorMittal announced its financial results in the second quarter and first six months of 2015. According to the company, in the second quarter, its net profit under IAS made up $179 million as compared with the net loss in the amount of $728 million in the previous quarter. EBITDA amounted to $1.4 billion, which corresponds to the first quarter of 2015, but by 20.6% less than in the second quarter of 2014.
In the second quarter, ArcelorMittal increased sales volumes of steel production to 22.2 million tons, which is by 2.2% more than in the first quarter and by 3.4% more than in the same period of the previous year.
