Net profit of Metinvest doubled in 2018

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.

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