Spain-based seamless stainless steel pipe producer Tubacex has announced its financial results for the first half of this year.
According to the company, results improved for the eighth consecutive quarter and EBITDA saw the highest level in the company’s history.
In the given period, the company’s sales revenues amounted to €434.8 million, rising by 22.9 percent year on year, while its net profit amounted to €20 million, moving up by 119.3 percent compared to €9.1 million recorded in the same period of 2022.
In the first half of this year, Tubacex’s EBITDA amounted to €64.3 million, up by 51.4 percent year on year, in accordance with the company’s strategic objectives.
