The 2013-net profit at Metalloinvest dropped (RAS) 8.74 fold to 1.669bn rub. from 14.583bn rub., the company informed.
The revenues declined 2.98 fold to 5.113bn rub. from 15.248bn rub.; profit from sales - 3.58 fold to 3.944bn rub. from 14.134bn rub.; pretax profit - 9.18 fold to 1.584bn rub. from 14.544bn rub.
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 IH 2013 net profit (IAS) rallied down 2.12 fold to $620.683mln from $1.314bn; revenues - 14.6% to $3.807bn from $4.458bn rub.; operating profit
- 18.96% to $1.056bn from $1.303bn rub.; EBITDA - 35% to $1.23bn; EBITDA margin coming to 32.3% vs. 24.4% 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.