The net profit of the Metinvest group of businessman Rinat Akhmetov in the first half of 2017 amounted to $72 million, which is 20% lower than the same period in 2016, reported the press service of the holding.
While Metinvest’s revenues for the half year increased by $1.03 billion to $3.91 billion, which is 36% higher than in the first half of 2016, the group’s EBITDA increased 45% to $839 million
Also in the first half of 2017 dropped the key performance indicators of Metinvest. Steel production – by 6% (to 3.92 million tons), iron ore concentrate – by 14% (to 13.65 million tons), coal concentrate – by 8% (to 1.45 million tons).
Also, the company noted that 38% of the group’s revenue falls on European markets, 24% – to the Ukrainian market, the share of North Africa and the Middle East accounted for 16%, CIS – 9%, Southeast Asia 7% North America 6% other regions 1%.
As reported, at the end of 2016, the net profit of Metinvest amounted to $118 million, against a net loss of $1 billion in 2015