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 2012 it achieved a net profit of about Ruble 1.207 billion ($38.75 million), compared to Ruble 469 million ($15.06 million) in 2011.
Also in 2012, ChTPZ's sales revenues increased by three percent year on year, reaching Ruble 116.882 billion ($3.75 billion).