In the first half of 2021, Metinvest earned $ 2.769 billion compared to a loss of $ 240 million a year earlier, according to the company’s press service.
According to the financial report, as of June 30, the Group’s net debt decreased by 52% since the beginning of the year – to $ 1.016 billion, and net debt to EBITDA for the year decreased by 0.8 x – to 0.2x.
Compared to last year, the Group’s capital investment increased by 31% to $ 411 million. Expenditures on environmental initiatives amounted to $ 204 million.
It is also reported that in six months the amount of income taxes paid increased 83 times from $ 6 million in the first half of 2020 to $ 500 million in the first half of 2021.
“Metinvest’s key operating indicators have shown growth. Against the background of increased production at two Mariupol plants, Azovstal and MMK. Ilyich, the Group’s production of pig iron increased by 8% compared to the same period last year – to 4,405 thousand tons, and steel – by 10% to 4,358 thousand tons. The improvement in all GOK led to an increase in the Group’s iron ore concentrate production by 5% to 15,864 thousand tons.
In addition, after the consolidation of the Pokrovsky coal group in March 2021, our total production of coal concentrate increased by 76% – up to 2,705 thousand tons, “- said CEO Yuri Ryzhenkov.
He also spoke about the Group’s main investment project – the construction of a cold rolling mill at MMKI, the total investment in which only in the first stage will exceed $ 800 million.
“The new situation will allow us to expand our product line and find new markets. Reducing environmental impact is still one of our priorities. The Group’s investments in environmental projects for the reporting period exceeded $ 80 million,” Ryzhenkov said.
He also spoke about strengthening the financial stability of the Group. “In the first half of 2021, we spent more than $ 1 billion on debt repayments, reducing the ratio of net debt to EBITDA for the last 12 months to 0.2x. Yes, we repaid a significant part of the debt of Pokrovskaya Coal Group ahead of schedule “, – said the top manager.
Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]
Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]
Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]
Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]
From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]
Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]
3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]
The financial conglomerate BNP Paribas (headquartered in Paris) acquired indirectly 11.42% of the British JKX Oil&Gas, which owns the Poltava Petroleum Company. This is stated in the message of the JKX Oil&Gas reported on the London Stock Exchange. The owner of the package of the JKX at a rate of 11,42% became the British company […]
Next
For the first time in 40 years, the American oil company ExxonMobil suffered an annual loss of $ 22.4 billion. Last year the company’s revenue fell by 30.7% to $ 46.5 billion. The agency notes that the company suffered billions in losses due to the coronavirus pandemic and falling demand for oil, as well as […]
Next
Today, December 2, 2015, in the capital «Hilton» hotel passes the fourth international “The Tiger Conference”, which is devoted to energy issues, the new economy, leadership, and the rule of law. The conference was attended by over 300 of heads of domestic and foreign companies as well as government leaders and public figures. Representatives of […]
Next
One of the biggest Ukrainian trade and industrial groups Fozzy Group, which is a part of PJSC Holding Invest (Kyiv), has received permission from the Antimonopoly Committee for the purchase of Boguslavskii zavod prodtovariv (Kyiv region, city Bohuslav) and a plant for fish processing Vohni hestii (legal address – Kyiv, physical address – Zhytomyr). This […]
Next
The Cabinet of Ministers of Ukraine has shortened the moratorium on certain types of tax inspections. The Cabinet of Ministers of Ukraine has shortened the moratorium on certain types of tax inspections. The press service of the Ministry of Finance announced this on Wednesday, February 3, citing a relevant government decree. According to the document, […]
Next
Warren Buffett’s US company – Berkshire Hathaway intends to invest more than $ 570 million in Snowflake, a cloud technology company. It was reported after Snowflake announced a price range for its future initial public offering. The company wants to get the estimate of $ 23.7 billion, writes the Financial Times. Snowflake said that during […]
Next
PJSC “Jacobs Ukraine” (Trostyanets, Sumy region) is going to pay shareholders dividends of 121.87 million hryvnia in the period from 22 August to 23 December 2016. According to the company’s data in the information disclosure system of the National Commission on Securities and Stock Market, the decision has been taken by the general meeting of […]
Next
Due to the elimination of corruption patterns in the energy sector, the State Treasury has saved 140 billion UAH. On this figure notified the head of the government of Ukraine Volodymyr Hroisman in an interview to the national news agency Ukrinform. According to the Prime Minister the compensations for Naftohaz and LMKP Teplokommunenergo were hundreds […]
Next
In the structure of total turnover in 2015 was dominated transshipment of grain crops – 55.3% (2.32 million tons). Total the terminal transshipped 4.2 million tons. Marine Terminal “Nika-Tera” handled 236 ships in 2015, overloaded 4.2 million tons of cargo, – reported AgroTimes. “The volume that we had planned to port transshipment in 2015, carried […]
Next
The State Property Fund sold the second object of the alcohol industry – Artemivsk distillery – for 50 million hryvnias. This was reported by the press service of the State Property Fund on Facebook. “The auction for the sale of the property of Artemivsk MTD and the storage of alcohol has just ended. This is […]
Next
During trading on Thursday, Apple’s market of the capitalization fell by 8%, which means a loss of almost $ 180 billion. This is a record daily cost reduction for any company in the history of the American market. However, Apple’s capitalization still significantly exceeds of $ 2 trillion. Excluding 2020, the previous anti-record was set […]
Next
LLC Dan-Pharm Ukraine expects to put into operation pig factory farm on feeding of 25 thousand hogs in Korostensky district in the Zhytomyr region. On Tuesday, Vadim Shestakov,the First Deputy CEO of the company told journalists during the AgrarianOlympus of 2016 international congress : “We began to build it in 2014 and we have been […]
Next
Since April of this year, Japanese companies and organizations involved in the development of the vaccines that protect against coronavirus infection, periodically experience cyber-attacks. This was announced on Monday, October 19, by Kyodo news agency, with the reference to the experts of the American company CrowdStrike, engaged in the cybersecurity. According to experts of the […]
Next
Shares of US electric car manufacturer Tesla continue to rise sharply amid news of the company’s future accession to the S&P index. On Tuesday, November 24, the market value of Elon Musk’s company crossed the $ 500 billion mark for the first time. Tesla shares are said to have risen nearly 550 percent this year, […]
Next
American electric car maker Tesla Inc ended the first quarter of this year with record profits, but the company’s revenue was slightly worse than market forecasts. This is stated in a press release from Tesla. Thus, the company’s net income in January-March was $ 438 million, or $ 0.39 per share, compared to $ 16 […]
Next
The American pharmaceutical company Pfizer may apply for permission to use its oral drug for the treatment of COVID-19, at the end of this year. This was announced on Thursday by the Chairman of the Board and Chief Executive Officer of Pfizer Albert Burla. “In addition, our scientists are developing an oral drug to treat […]
Next
