ChTPZ reports a return to profit in January-September

Thursday, 30 October 2014 16:03:33 (GMT+3)   |  
       

Chelyabinsk Tube-Rolling Plant (ChTPZ), a leading Russian producer of welded and seamless steel tubes and pipes for the Russian oil and gas industry, has announced that in the January-September period of this year it achieved a net profit of about RUB 3.231 billion ($75.6 million), compared to a net loss of RUB 883.576 million in January-September 2013.

Also in the first nine months this year, ChTPZ's sales revenues increased by 4.7 percent year on year, reaching RUB 65.004 billion ($1.52 billion).


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