Russia's Evraz H1 net profit down 99.5% y/y

Evraz

04/08/2022 07:54

MOSCOW, Aug 4 (Reuters) - Russian steel producer Evraz
 EVRE.L  said on Thursday that its first-half net profit fell by
99.5% year on year to $6 million hurt by a stronger rouble,
while free cash flow turned negative due to hindered exports.
    Its January-June core earnings, known as EBITDA, rose by
19.4% year on year to $2.5 billion due to higher coal prices and
an improved performance by its North American assets, Evraz said
in a statement. 

 (Reporting by Reuters; editing by Jason Neely)