It’s reported that Russia-based iron ore and hot briquetted (HBI) producer Metalloinvest’s net profits totaled US$1.724 billion in 2012, rising by 20.4% from a year ago, according to the international financial reporting standards (IFRS).
In 2012, Metalloinvest’s consolidated revenues totaled US$8.194 billon, falling by 17.4% year on year, caused by decreased iron ore prices in the second half of 2012.
Meanwhile, the company’s adjusted EBITDA dropped by 34.1% year on year to US$2.553 billion in 2012.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63789&division=A6
