KYIV. April 3 (Interfax-Ukraine) – The revenues of Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and metallurgical group, in January 2017 increased by 19.1% compared to the previous month, to $598 million.
According to the company’s preliminary unaudited consolidated financial data in accordance with IFRS, its EBITDA in January amounted to $155 million, which is 17.4% higher compared to December.
According to the report, the adjusted EBITDA of the metallurgical division of the group for January 2017 was $59 million (including $13 million from participation in the joint venture), whereas in December 2016 this figure was $30 million. The mining division’s EBITDA in January stood at $137 million (including $22 million from participation in the joint venture), whereas in December it amounted to $110 million.
The expenses of the managing company were “minus” $5 million.
As a result, total EBITDA in January came to $155 million (including $35 million in total from participation in the joint venture), while in December $132 million.
Total revenues in January 2017 included the income of the metallurgical division in the amount of $477 million ($412 million in December), the mining sector $369 million ($271 million), inter-group sales were “minus” $248 million (“minus” $181 million). As a result, total revenues in January amounted to $598 million (in December $502 million).
