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Metinvest reports 2.3% fall in revenues, $133 mln EBITDA in Aug

Metinvest reports 2.3% fall in revenues, $133 mln EBITDA in AugMetinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and steel group, in August 2016 posted positive EBITDA of $133 million, while in the previous month the figure was $147 million.

According to preliminary unaudited consolidated data from the company's financial statements under IFRS, revenues in August 2016 stood at $555 million, while in the previous month it was $568 million.

Comparable results for August 2015 are not given.

According to the report, the adjusted EBITDA of the group's steel division for August 2016 was $73 million (including $19 million from participation in the joint venture), while in July 2016 the figure totalled $66 million. The mining division's EBITDA in August was $66 million (including $9 million from participation in the joint venture), whereas in July it was $55 million.

The costs of the managing company were "minus" $4 million (in July "minus" $9 million).

As a result, the total EBITDA in August was $133 million (including a total of $28 million from participation in the joint venture), whereas in July $147 million.
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