Advertisement
UK markets open in 3 hours 37 minutes
  • NIKKEI 225

    39,701.58
    -38.82 (-0.10%)
     
  • HANG SENG

    16,550.90
    -186.20 (-1.11%)
     
  • CRUDE OIL

    82.72
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,164.40
    +0.10 (+0.00%)
     
  • DOW

    38,790.43
    +75.66 (+0.20%)
     
  • Bitcoin GBP

    51,151.65
    -2,073.64 (-3.90%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    16,103.45
    +130.25 (+0.82%)
     
  • UK FTSE All Share

    4,218.89
    -3.20 (-0.08%)
     

Russia's Evraz says H1 EBITDA down 38 pct, misses forecast

MOSCOW, Aug 18 (Reuters) - Evraz (LSE: EVR.L - news) , one of Russia's largest steel producers, reported a 38-percent fall in its first-half earnings before interest, taxation, depreciation and amortisation (EBITDA) to $577 million due to weaker steel prices.

Its net profit decreased to $7 million from $19 million a year earlier, while revenue fell 28 percent to $3.5 billion. Analysts, polled by Reuters, expected Evraz's EBITDA at $593 million. (Reporting by Polina Devitt; editing by Maria Kiselyova)