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Metinvest posts $147 mln EBITDA in July 2016

Metinvest posts $147 mln EBITDA in July 2016Metinvest B.V. (the Netherlands), the parent company of the Metinvest international vertically integrated mining and steel group, posted a positive EBITDA of $147 million in July 2016, while it was $119 million in the previous month.

Its revenue in July 2016 was $ 568 million, while in the previous month it was $559 million, the company said on Thursday in a report on its preliminary unaudited IFRS consolidated results.

Comparable results for July 2015 are not given.

The report says that the updated EBITDA of the group's steel division for July 2016 was $99 million (including $17 million from the participation in a joint venture), whereas it was $135 million in June 2016. The mining division's EBITDA in July 2016 was $55 million (including $10 million from participation in the JV) with $53 million in June 2016.
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