MMK Metalurji's Revenue for Q2 2015 Was USD 152 Million
OREANDA-NEWS. MMK Metalurji's revenue for Q2 2015 was USD 152 million, up 9.4% q-o-q. This growth was due to a significant increase in sales volume during the quarter amid the seasonal recovery of construction sector demand.
MMK Metalurji's EBITDA for Q2 2015 amounted to USD 14 million. Such a strong growth was thanks to recovery on the market following a sharp prices decline in Q1 2015 and stabilisation of prices parity between raw materials (hot-rolled coil) and finished products.
One-off factors that influenced profitability include: growth in non-operating revenues due to return of earlier overstated payments for use of electricity grids (USD 2 mln).
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