Sinarsky Pipe Works posts Ruble 120 million profit for Q2

The net profit of Sinarsky Pipe Works, a subsidiary of Russia's largest pipe producer TMK, increased by 86 percent in Q2 this year compared to Q1, rising to Ruble 119.7 million ($4.14 million). The company's revenues for the second quarter of the year went up by eight percent year on year to Ruble 6.86 billion ($0.24 billion). In January-June of this year, Sinarsky Pipe Works achieved a net profit of Ruble 184 million ($6.37 million) and revenues of Ruble 13.31 billion ($0.46 billion).