Metalloinvest clears decks for IPO by unveiling 2007 net profit of $1.2 Billion
Russian Mining and Metals holding, Metalloinvest, has unveiled a full year Net Profit for 2007 of $1.2 Billion.
Reporting under IFRS for the first time ahead of an IPO anticipated later this year, the company said the figures were an increase of 140% over the 2006 full year results. Sales for the year came in at $6.67 Bilion, with EBITDA at $2.4 Billion.
The company plans to invest $11.4 Billion over 4 years and increase iron ore output by 50% to 60 million tonnes by 2013.
You can share this story on social media:
Follow RT on
Dear readers! Thank you for your vibrant engagement with our content and for sharing your points of view. Please note that we have switched to a new commenting system. To leave comments, you will need to register. We are working on some adjustments so if you have questions or suggestions feel free to send them to feedback@rttv.ru. Please check our commenting policy
