Full Year Results 

Evraz's industrial might

Evraz's industrial might

If you thought August’s half-year results for Russian steel giant Evraz (EVR) were impressive, just cop a look at the full-year numbers. Free cash flow doubled to $1.32bn (£960m), despite a 41 per cent hike in capital expenditure. Nor was the colossal $430m half-year dividend a one-off act of largesse, apparently; another 30¢ a share is heading investors’ way, despite $836m of earnings being diverted to the reduction of net debt to a still dizzying $4bn.

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