The financial results for 1H 2020 demonstrated En+’s resilience during an unprecedented global downturn, with steady results from operations. The decrease in Group Adjusted EBITDA primarily reflects a challenging economic environment translating into price weakness across the markets where we operate. Further impact on Group’s consolidated Net Profit was caused by a decrease in the share of profit from associates and joint ventures.
During these trying times, the Group’s focus has continued to be safeguarding the health and wellbeing of our employees and the communities in which we operate, preserving the competitive advantages of our low-cost integrated business model and pursuing our longer-term vision of a low carbon world. We now see some positive signs across the commodities markets, yet we remain agile and ready for any challenges as the world continues to fight the COVID-19 virus.