Ukraine-based Interpipe sees higher net profit in Jan-Sept

Thursday, 11 January 2024 15:02:49 (GMT+3)   |   Istanbul
       

Ukrainian steel pipe and railway wheel producer Interpipe has announced its financial and operational results for the January-September period last year.

In the given period, Interpipe posted a net profit of $189.13 million compared to $185.95 million recorded in the same period of 2022, while its total sales revenues rose by 14.4 percent year on year to $785.40 million. The company’s operating profit in the given period was $276.72 million, increasing by 9.9 percent from $251.79 million recorded in the nine months of 2022.

On the other hand, Interpipe’s pipe production in the January-September period last year remained unchanged year on year at 309,000 mt, while its railway products production increased by 14.1 percent compared to the same period of the previous year to 73,000 mt.


Similar articles

US and Canadian rig counts decline week-on-week

26 Apr | Steel News

Local Chinese steel pipe prices stable or up slightly

25 Apr | Tube and Pipe

Saudi Arabia’s Al Yamamah Steel begins production at newly expanded Jeddah pipe plant

25 Apr | Steel News

Japanese crude steel output up 2.9 percent in March from February

23 Apr | Steel News

US structural pipe and tube exports up 9.9 percent in February

22 Apr | Steel News

US rig count increases slightly while Canadian count plunges again

19 Apr | Steel News

US structural pipe and tube imports down 6.5 percent in February

19 Apr | Steel News

Local Chinese steel pipe prices fluctuate slightly or move sideways

19 Apr | Tube and Pipe

Turkey’s welded pipe exports up 26.3 percent in January-February

17 Apr | Steel News

Austria’s Benteler Steel/Tube to build HR seamless steel tubes threading facility in US

17 Apr | Steel News