Metalloinvest announces its financial results under IAS for 2013
Edited by Rhod Mackenzie / 2014-03-24 02:15:34
Financial results:
The proceeds made up $7 324 million (-10.6%);
EBITDA was $2 240 million (-12.3%);
The EBITDA profitability made up 30.6% against 31.2% in 2012;
The net profit was $1 080 million (-37.5%), and the net debt was $5 443 million;
The ratio net debt/EBTDA made up 2.43x against 2.35x (+3.2%);
The capital costs made up $478 million (+3.2%) and the assets - $10 451 million (+0.9%).
The industrial results:
The production of iron ore made up 38.4 million tons (-3.5%), pellets – 22.6 million tons (-0.3%), hot-briquetted iron/ direct-reduced iron – 5.3 million tons (+3.1%), cast iron – 2.2 million tons (+4.9%),steel – 4.7 million tons (+16.7%).
