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Metalloinvest reduced output.

In 2013 Metalloinvest reduced the ore output 3.55% to 38.371mln ton from 39.782mln ton prior year, the company informed.

The pig iron production increased 4.89% to 2.186mln ton from 2.084mln ton; steel - being down 16.7% to 4.68mln ton from 5.618mln ton.

The ore delivery declined 11.31% to 11.109mln ton from 12.526mln ton.

Metalloinvest Holding (TIN 7705392230) is ranked as the 4th ore producer in the world. It involves Mikhailovsky GOK, Lebedinsky GOK, Oskolsky Electro Metallurgic Plant, Uralskaya Steel. The Company is one of the key steel producers in the region covering 9% of the total steel output in Russia.

The 2013-net profit rallied down 37.46% (IAS) to $1.08bn from $1.727bn prior year; revenues moved down 10.62% to $7.324bn from $8.194bn; EBITDA - 12.26% to $2.24bn from $2.553bn; EBITDA coming to 30.6% vs. 31.2% prior year.

The 9-month 2013 net profit (RAS) dropped 3.03 fold to 4.183bn rub. from 12.664bn rub.; revenues - 2.54 fold to 5.082bn rub. from 12.883bn rub.; profit from sales - 2.95 fold to 4.191bn rub. from 12.377bn rub.; pretax profit - 3.09 fold to 4.099bn rub. from 12.681bn rub.

"AK&M", 25.03.2014


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