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)