Russia : Metalloinvest’s EBITDA Witnesses 27% Y-o-Y Decline in Q1 FY’20

Russia’s leading steel manufacturer, Metalloinvest yesterday announced its financial results for Q1 FY’20. The company’s EBITDA in the first quarter dropped 26.8% Y-o-Y to USD 534 Million and Capital Expenditure stood at around USD 84 Million, down 4.5% as compared to Q1 FY’19.