MMK Group's revenue for the first half of 2024 increased by 18.5% to RUB 417.83 billion. compared to a year earlier. EBITDA increased by 5.3% and amounted to 92.7 billion rubles. Net profit amounted to 50.3 billion rubles. Free cash flow increased to RUB 27.87 billion. This is stated in the company's message.
Magnitogorsk Iron and Steel Works PJSC (TIN 7414003633) is a steel manufacturer. The company's assets in Russia represent a metallurgical complex with a full production cycle, starting with the preparation of iron ore raw materials and ending with the deep processing of ferrous metals.
MMK's net profit for the first quarter of 2024 increased by 20.5% to RUB 23.7 billion. compared to the first quarter of 2023. Revenue increased by 25.5% to RUB 192.95 billion, EBITDA increased by 27.8% to RUB 42.15 billion.
