Tenaris registers 43 percent decline in Q1 net profit
Friday, 07 May 2010 18:03:47 (GMT+3)
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Italian steel pipe producer Tenaris has announced that in the first quarter of this year it registered a 43 percent year-on-year decrease in its net profit to $222.2 million. Meanwhile, its revenues for the period amounted to $1.638 billion, down 33 percent compared to Q1 2009.
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