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GISMETEO.RU
UJ Week
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Business    

Metinvest cuts 7% on yr international sales to $4.19-bln in Jan-June
Journal Staff Report

KYIV, Sept 16 – Metinvest B.V. (the Netherlands), the parent company of Metinvest mining and metallurgical group, in January-June of this year reduced international sales by 7% compared to the same period last year, to $4.190 billion, providing 72% of consolidated revenue.

According to preliminary unaudited interim financial results for the first half of 2019, sales in Ukraine fell by 3% during the reporting period, to $1.628 billion as a result of lower prices and sales of flat products amid a weaker demand from pipe producers, as well as lower coke sales volumes due to reduced production volumes. As a result, the share of Ukraine in consolidated revenue increased by 1 percentage point, to 28%.




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