Seversky Tube Works’ net profit surges to Ruble 145 million in Q1

Russia's Seversky Tube Works, a subsidiary of largest Russian pipe company TMK Group, has reported that its net profit was Ruble 145 million ($5 million) in the first quarter of this year, 6.1 times more than in the same period of last year. Also in Q1, Seversky Tube Works' sales revenues reached Ruble 6.996 billion ($0.24 billion).