Metinvest sees revenues rise by 42.9% in March 2017
The revenues of Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and metallurgical group, in March 2017 increased by 42.9% compared to the same month last year, to $663 million.
According to preliminary unaudited consolidated financial results of the company in accordance with IFRS, EBITDA in March amounted to $96 million, which is 5.5% more than in March 2016.
Compared to the previous month, Metinvest increased revenues by 10.9%, while EBITDA decreased by 36.4%.
Given the previous reports, in the first quarter of 2017 the company's revenues were $1.853 billion, which is 44% up from the first quarter of last year, while EBITDA rose by 3.4 times, to $402 million.
The revenues of the Metinvest mining segment in March 2017 stood at $319 million, that of the metallurgical segment at $534 million, while internal group sales amounted to $196 million, of which $189 million in the mining segment.
Compared to March of the previous year, revenues in the mining segment grew by 93.3%, in metallurgy by 50.4%, while internal group sales were up by 3.3 times.
Advertising
Advertising
MORE ABOUT
Metinvest offers to buy back part of its senior notes due in 2025 and 2026 worth up to $70 mln
20:59, 30.04.2024
Metinvest's Pokrovske mine extracts 1.2 mln tonnes of coking coal in Q1, plan for 2024 is 5.35 mln tonnes
20:07, 25.04.2024
Moody's confirms Metinvest's ratings, changes outlook from negative to stable
21:48, 01.04.2024
Metinvest intends to build plant in Italian Piombino as one of most technologically and environmentally advanced of its kind; it to become pilot for our future investments – CEO
18:53, 01.04.2024
Logistics, currency liberalization, transparent reservation important for development of export-oriented companies in wartime – Metinvest CEO
17:59, 27.03.2024
LATEST
Number of transfers via NovaPay up by 18%, transactions by 24% in Q1 2024
19:32, 01.05.2024
McDonald's plans to expand partnership projects with filling stations
13:54, 01.05.2024
McDonald's preparing to renovate restaurant near train station in Kyiv, looking for site next to Lviv train station
12:57, 01.05.2024
Share of home purchase transactions on installment terms reaches 95% – DIM Group
10:43, 01.05.2024
Pharmaceutical firm Darnitsa could attract loans of up to UAH 5 bln within one year