Russian pig iron and coke producer, KOKS Group, expects its financial performance to improve this year owing to lower coal input costs and recovering pig iron prices, the company said in a statement Thursday. Although the group's consolidated revenue grew around 25% year on year, to Rubles 55.6 billion (1.9 billion dollars) in 2011, its operating and net profit indicators declined by 10% and 59% to Rubles 5.73 billion and Rubles 1.23 billion Rubles respectively; the EBITDA margin slipped to 15%, from 21% in 2010.
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