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Russia's Metalloinvest posts 140% net profit growth in 2007

MOSCOW, August (RIA Novosti) - Metalloinvest, a leading Russian mining and ferrous metals company, said on Monday its consolidated audited net profit to International Financial Reporting Standards grew 140% in 2007 to 29.47 billion rubles ($1.3 billion).

Revenue grew 180% in the reporting period to 164.73 billion rubles ($7 billion) and earnings before interest, taxes, depreciation and amortization (EBITDA) totaled 2.5 billion rubles ($107 million).

Metalloinvest's investment will total 266.8 billion rubles ($11.4 billion) in 2009-2012 and not less than 28 billion rubles ($1.2 billion) this year, the company said.

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