Metalloinvest 2011 earnings jump 50% year-on-year

May 02, 2012 | 07:02 AM |

Russian steelmaking group Metalloinvest has reported a near-50% year-on-year improvement in earnings in its 2011 calendar year, in a financial results statement published on Wednesday May 2. Earnings before taxes, interest, depreciation and amortisation (Ebitda) at December 31 came to $3.87 billion, compared with $2.59 billion the previous year. “The management delivered on a number of initiatives that supported a significant increase in the company’s production volumes and allowed it to....

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