Revenue of Metinvest B.V. (Netherlands), the parent company of the Metinvest mining and metallurgical group, in June this year grew by 9.8%, or $153 million, compared to the previous month, to $1.722 billion from $1.569 billion.
According to the published preliminary unaudited consolidated monthly results of the company’s financial statements last week, total EBITDA in June was $931 million, which is $179 million, or 23.8%, higher than in May ($752 million). At the same time, EBITDA from participation in the joint venture amounted to $126 million (in May it was $147 million).
According to the report, the adjusted EBITDA of the metallurgical division of the group in June 2021 amounted to $401 million (in May it was $367 million), including $28 million from participation in the joint venture ($46 million); EBITDA of the mining division reached $650 million ($460 million), including $97 million ($101 million) from the joint venture. The management company spent $30 million ($5 million).
Total revenue in June consisted of $1.303 billion of the Metallurgical Division ($1.244 billion in May) and $713 million in the Mining Division ($583 million). Intragroup sales totaled $294 million ($258 million).
The total debt of Metinvest in June decreased by $466 million compared to May, to $2.459 billion from $2.925 billion. At the same time, the volume of funds increased by $204 million, to $1.443 billion from $1.239 billion.
Funds used in investment activities amounted to $37 million, in financial activities – $464 million.
Metinvest received $73 million from the resale of square billets (produced by DMK) in June in the amount of 102,000 tonnes. In addition, $225 million was received from the resale of 215,000 tonnes of flat products, $59 million from the resale of 68,000 tonnes of long products, and $53 million from the resale of 80,000 tonnes of pig iron.
In general, the company in June sold 440,000 tonnes of semi-finished products for $316 million, 814,000 tonnes of finished metal products for $849 million, and 162,000 tonnes of coke for $59 million.
In June, the Group sold 1.731 million tonnes of iron ore for $395 million, and 206,000 tonnes of coal concentrate for $29 million.
Most Ukrainians believe that the country is headed in the wrong direction, the Rating sociological group said in a statement on Tuesday.
“A third of the respondents, or 34%, said that the country is headed in the right direction, while 58% said it’s the wrong direction, and 8% are undecided,” the group said in its report.
The majority of respondents who believe that Ukraine is on the right track are young and live in western and central parts of the country.
The group polled 2,500 respondents aged 18 and up using computer assisted telephone interviews (CATI) on September 2-4, 2021.
Turkish Airlines will start flying from Mykolaiv to Istanbul from September 23, 2021, Director of the Mykolaiv international airport Fedir Barna said on his Facebook page.
“After lengthy negotiations with one of the world’s largest airlines, Turkish Airlines, I am pleased to announce the opening of a long-awaited regular flight to Istanbul from Mykolaiv airport,” he wrote.
Barna said that flights to Istanbul will be operated five times a week, and tickets are already available on the airline’s official website.
At the same time, there is no destination the Mykolaiv airport on the Turkish Airlines website.
National bank of Ukraine’s official rates as of 07/09/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of September 07
One troy ounce=31.10 grams
Restoration of the Catholic Church of St. Nicholas in Kyiv after the fire will cost at least UAH 75 million, according to preliminary estimates, Minister of Culture and Information Policy of Ukraine Oleksandr Tkachenko said.
“According to preliminary estimates, the restoration will require UAH 75 million. The state will allocate the rest of the necessary funds to the amount raised by the business. That is, it is a unique case of public-private partnership,” Tkachenko wrote on his Telegram channel.
According to him, the funds transferred by business representatives will go to emergency work. They are expected to begin in mid-October.
As reported, on Friday evening, mayor of the Ukrainian capital Vitali Klitschko wrote in the Telegram channel that the church of St. Nicholas caught fire in the center of Kyiv. The fire broke out between the first and second floors and quickly spread to the roof of the building. Rescuers said that the area of the fire was 80 square meters, the fire damaged the body. According to the Ministry of Culture and Information Policy, the building was not badly damaged. Late in the evening the fire was extinguished, none of the people were injured. Later, the Minister of Culture and Information Policy of Ukraine Oleksandr Tkachenko said that the fire destroyed a unique organ, which was located in the building.
