MMK posts Q2 EBITDA of $380 mln, net profits of $13 mln

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MMK posts Q2 EBITDA of $380 mln, net profits of $13 mln

MOSCOW. Aug 26 (Interfax) - OJSC Magnitogorsk Iron & Steel Works (MMK) closed out the second quarter with EBITDA (earnings before interest, taxes, depreciation, and amortization) of $380 million and net profits of $13 million, the company reported.

Sales revenues came in at $2.42 billion, higher than the $2.37 billion analysts had been expecting.

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