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GISMETEO.RU
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Metinvest swings to $240-mln loss in January-July on COVID lockdown
Journal Staff Report

KYIV, Sept 8 - Metinvest B.V., the parent company of the country’s largest producer of steel Metinvest, reported a net loss of $240 million in January-July, reversing $408 million profit in the same period a year ago.

According to preliminary unaudited interim financial results for the first half of 2020, its revenues for the reporting period decreased by 15%, to $4.968 billion, EBITDA decreased by 20% to $ 715 million, the margin fell by 1 percentage point, to 14%.




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