Consolidated net profit of Metinvest B.V. (Netherlands), the parent company of the international vertically integrated mining and metallurgical group Metinvest, at the end of 2018 increased by 93% compared to the previous year – to $ 1.188 billion from $ 617 million.
According to the audited consolidated financial results released on Thursday, its revenue for the year increased by 33% – to $ 11.880 billion from $ 8.931 billion, while EBITDA – by 23%, to $ 2.513 billion from $ 2.044 billion.Gross profit increased by 28% – to 2.787 billion …
Operating cash flow increased by 85% to $ 1.103 billion.
At the same time, the total debt of the company decreased by 9% – to $ 2.743 billion, the volume of cash increased by 8% – to $ 280 million.
The main shareholders of Metinvest are SCM Group (71.24%) and Smart Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the management company of Metinvest Group.