the group Net profit “Magnitogorsk metallurgical combine” (MMK) under IFRS amounted at the end of the first half of 2020 $189 million, which is 2.6 times less than in the same period last year, follows from materials of the company.
Revenue declined in January—June by 22.3% yoy to $2,978 billion.
following the results of II quarter of current year EBITDA (earnings before interest, taxes, depreciation and amortization) of the MMK group fell by 49% relative to the previous three months to $226 million Quarterly revenue decreased by 26%, to $1,268 billion.
the group’s Net debt rose in April—June to $237 million versus $30 million a quarter earlier.
