MOSCOW, November 14 (RIA Novosti) - Russia's metals giant Evraz Group S.A. posted on Friday a $17 billion net profit in January-September 2008 calculated to International Financial Reporting Standards (IFRS).
The company's earnings before interest, taxes, depreciation and amortization (EBITDA) stood at $5.95 billion in the reporting period.
The IFRS report is the company's first for the first nine months of 2008.
Last year Evraz Group posted an IFRS revenue of $12.8 billion, a net profit of $2.44 billion, and EBITDA at $4.25 billion.
The Russian company has three steel-making subsidiaries in Siberia, and controls the Palini e Bertoli steel plant in Italy and Vitkovice Steel in Czech Republic.
