Ukraine-based Metinvest released its financial result for the first half of 2013. In the first half of this year, Metinvest’s net profits amounted to US$443 million, soaring by 31% year on year. However, the company’s sales dropped by 3% to US$6.5 billion in the given period of time due to a 13% fall in average prices for steel prices and a drop in sales of tubular products. Meanwhile, its adjusted EBITDA totaled US$1.24 million, rising by 14% year on year. The EBITDA margin was at 19%.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67433&division=A6
