metalloinvest\s first half net profit soars 90 pct to 985 mln
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Metalloinvest's first half net profit soars 90 pct to $985 mln

Arab Today, arab today

Arab Today, arab today Metalloinvest's first half net profit soars 90 pct to $985 mln

Moscow - RIA

Metalloinvest, one of Russia's leading metals producers, posted a 90 percent year-on-year increase in first half IFRS net profit to $985 million, the company said in a statement on Wednesday.The company's revenue rose 54 percent to $5.132 billion, while operating profit grew 56 percent to $1.487 billion."The company demonstrated solid performance in key financial metrics in H1 2011," Metalloinvest Deputy CEO and CFO Pavel Mitrofanov was quoted in the statement as saying. "We have achieved strong results due to a substantial increase in iron ore production volumes, a diversification of the client base and export growth to prospective Asian markets, predominantly China, as well as the management efforts to control production costs,""At the same time, the Company continues to develop its key investment projects aimed at increasing high value-added iron ore output,"he said.EBITDA increased 63 percent to $1.982 billion, while EBITDA margin went up two percentage points to 39 percent in January-June 2011.The company's net debt amounted to $5.759 billion in the first six months of this year, Metalloinvest said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

metalloinvest\s first half net profit soars 90 pct to 985 mln metalloinvest\s first half net profit soars 90 pct to 985 mln

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

metalloinvest\s first half net profit soars 90 pct to 985 mln metalloinvest\s first half net profit soars 90 pct to 985 mln

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday