In 2018, EBITDА increased by 56% (or +USD 2,236 million) to USD 31 million with the EBITDA margin amounting to 53% (up from 44% in 2017) owing to higher metal revenue, decrease of one-off social expenses and Russian rouble depreciation.
Net profit before non-cash write-offs and foreign exchange differences (USD million)
Index
2017
2018
Change, %
Net profit
2,123
3,059
44
Impairment of non-financial assets
227
50
-78
Foreign exchange loss/(gain), net
-159
1,029
n. a.
Gain from disposal of subsidiaries
-20
–
100
Net profit before non-cash write offs and foreign exchange differences