Russia's Evraz H1 net profit rises to $2.04 bln

MOSCOW, Aug 29 - Russian steel maker Evraz Group <HK1q.L> said on Friday net profit rose 82.1 percent to $2.04 billion in the first six months of 2008, beating the average forecast of $1.91 billion in a Reuters poll.

Revenues rose 78.2 percent to $10.73 billion due to strong prices, acquisitions and improved sales mix, Evraz said in a statement.

Earnings before interest, taxation, depreciation and amortisation rose 80.5 percent to $3.70 billion. Evraz said it expects full-year 2008 revenues of between $23.2 billion and $24.6 billion and full-year EBITDA of between $8.0 billion and $8.5 billion.

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