Tagmet' net profit declines by 62.6 percent in 2014

Friday, 03 April 2015 17:56:05 (GMT+3)   |  
       

Russia's Taganrog Metallurgical Works (Tagmet), a subsidiary of the largest Russian pipe company TMK Group, has announced a net profit of RUB 105.22 million ($1.85 million) for 2014, down 62.6 percent compared to 2013.

Also in 2014, Tagmet's sales revenues reached RUB 28.448 billion ($0.5 billion), up six percent year on year.


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