By Walter Grand in Economy —

TMK increased EBITDA by 2.3 times, - company report

TMK increased EBITDA by 2.3 times, - company report
Photo by Austin Distel / Unsplash

Revenue amounted to 300 billion rubles, EBITDA - 52,5 billion, margin - 17,5%.

Net profit rose to 20.4 billion rubles, compared to a loss of 2.8 billion last year. The net profit margin was 6.8%.

The growth was ensured by the increase in sales in the pipe and metallurgical division. EBITDA went up from 22.7 billion rubles to 46.4 billion rubles (90% of all EBITDA).

Strong profit growth in the mainline and machine-building division. EBITDA amounted to 5.3 billion rubles against a loss of 147 million last year.