The Ukrainian mining and steel producing group Metinvest has announced its results for the first nine months of 2013.
In the given period, Metinvest's net profit amounted to $463 million, rising eight percent compared to the same period of the previous year. The company's revenues increased by 0.3 percent year on year to $9.805 billion. Metinvest's metallurgical division accounted for 76 percent of external sales (compared to 74 percent in January-September 2012), while its mining division accounted for 24 percent (26 percent in January-September in the previous year).
During the first nine months this year, the company's adjusted EBITDA amounted to $1.809 billion, up 18 percent year on year, with an EBITDA margin of 18 percent.
Source:
http://www.steelorbis.com/steel-news/latest-news/metinvests-net-profit-up-eight-percent-in-first-nine-months-802892.htm
