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Russia's MMK records 88.8 percent lower net profit in H1 2025-金屬展-冶金展-2026廣州巨浪國際金屬暨冶金工業(yè)展覽會(huì)-巨浪展覽-2026 China (Guangzhou)&n
bsp;Int'l Metal & Metallurgy Industry Exhibition
7/28/2025 金屬展-冶金展-鋼鐵展-steel expo-metal & metallurgy expo |
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Russian steel producer Magnitogorsk lron and Steel Works (MMK) has announced its financial results for thesecond quarter and first half of 2025.
In the second quarter this year, MlMK''s net profit decreased by 21.1 percent quarter on quarter to RUB 2.48bilion ($31.24 milion). The company''s revenue went down by 2.1 percent quarter on quarter to RUB 155.06bilion ($1.95 bilion), due to the changes in the sales mix. MMK''s EBITDA amounted to RUB 22.03 billion($277.51 milion), up 11.5 percent compared to the previous quarter amid lower key raw material prices
On the other hand, in the first half of the year MlMK recorded a 88.8 percent year-on-year decrease in net profit.amounting to RuB 5.61 bilion ($70.67 milion), while its revenue and EBlTDA amounted to RUB 313.51 bilion($3.95 bilion) and RuB 41.78 bilion ($526.36 milion), down 25 percent compared to the same period last yeardue to lower sales volumes and seling prices amid high key rates and a slowdown in business activity inRussia, and down 54.0 percent year on year, respectively.
MMK stated in its report that demand for metal products is expected to remain under pressure in the thirdquarter of 2025 amid the adverse impact of high key interest rates on business activity.
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