Metinvest B.V. (the Netherlands), the parent company of the Metinvest international vertically integrated steel and mining group, in 2012 saw its net profit fall by 77%, to $435 million. According to audited consolidated financial results for 2012, consolidated revenues declined by 11%, to $12.565 billion. EBITDA decreased by 46%, to $1.985 million with a profitability of 16%, while its profit from operations was down by 65%, to $979 million.