Metinvest Consolidated 2011 Net Up 324% on Year to $1.85 Billion

Metinvest, Ukraine’s biggest metal
maker, had its consolidated 2011 net income rise 324 percent
from the previous year to $1.85 billion after crude steel
production rose 64 percent to 14,375 metric tons, the Donetsk,
Ukraine-based company said today in an e-mailed statement.

Ebitda rose almost 40 percent to $3.56 billion in 2011, the
company said.

To contact the reporter on this story:
Daryna Krasnolutska in Kyiv at
dkrasnolutsk@bloomberg.net

To contact the editor responsible for this story:
James M. Gomez at
jagomez@bloomberg.net

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