MMK Metalurji's revenue for Q3 2015 was down 13.2%
MMK Metalurji's EBITDA for Q3 2015 amounted to USD 12 million, down by just USD 2 million q-o-q.
The coal segment's total revenue for Q3 2015 amounted to USD 53 million, down 22.1% q-o-q. This decline was due to the rouble devaluation during the quarter, resulting in lower sales prices in dollars.
Revenue for 9M 2015 amounted to USD 164 million, down 20.4% y-o-y. EBITDA in Q3 2015 fell slightly q-o-q to USD 16 million. However, EBITDA in 9M 2015 increased by more than 13x y-o-y due to the positive effect of the rouble depreciation on the Company's expenses, as well as growth in domestic prices for coking coal in early 2015.