Russia's largest oil and gas pipe producer TMK has released its second quarter 2008 Russian Accounting Standards (RAS) financial results.
Accordingly, during the second quarter of 2008 TMK's net profit amounted to Ruble 1.35 billion (approx. $57.37 million).
The Q2 2008 RAS financial results are not consolidated and do not include the financial results of TMK's subsidiary companies, nor do they reflect the company's manufacturing and pipe production businesses.