20
Aug
01:00
Metalloinvest H1 revenue plunges 31% as iron ore market 'challenging'
Metalloinvest reported a -31% on-year decline in revenue to $2.44 billion in the first half of 2015, while Ebitda fell -20% to $872 million and net profit -5.8% to $517m. Capital expenditure declined -31% to $198m.
Key developments in the first half were the firm’s reduction in total debt by $0.5 billion on-year due to the buy-back of RUB 25 billion ($372m) in bonds via a put option in March. This also resulted in the decrease in the share of short-ter…
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Anonymous
Very good overview of the weekly steel market.
Anonymous