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BRIEF-Russia's MMK says Q4 revenue up 4.9 pct q/q to $1.5 bln
February 15, 2017 / 7:24 AM / 7 months ago

BRIEF-Russia's MMK says Q4 revenue up 4.9 pct q/q to $1.5 bln

Feb 15 (Reuters) - Russia’s MMK says:

* Q4 revenue rose 4.9 percent vs Q3 to $1.55 billion

* Q4 EBITDA fell 30 percent quarter-on-quarter to $456 million

* Q4 EBITDA margin at 29.4 percent

* Q4 profit for the period at $208 million, down 50 pct q/q

* Says decided to recommend that board of directors increase dividend payout ratio for H2 2016 to 60 percent

* Plans to offer board to amend dividend policy and increase dividend payout ratio to at least 50 percent of free cash flow

* Says financial performance in Q1 2017 is expected to come under pressure from high base of coking coal prices and seasonal growth in prices for metal scrap

* Says in 2017, demand for steel in Russia may be 1-2 percent higher year-on-year, making it possible for company to maintain sales volumes. Further company coverage: (Reporting by Moscow Newsroom)

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