Ukraine-based Interpipe’s net profit rises almost sixfold in Jan-Sept

Thursday, 05 January 2023 11:46:15 (GMT+3)   |   Istanbul
       

Ukrainian steel pipe and railway wheel producer Interpipe has announced its financial results for the first nine months of 2022.

In the January-September period, Interpipe’s total sales revenues fell by 9.2 percent year on year to $686.63 million, due to the negative effects of the war in Ukraine, while its net profit amounted to $185.95 million, almost six times higher compared to the $32.34 million net profit recorded in the same period of the previous year. 

The company’s operating profit in the given period was $251.79 million, compared to $75.67 million in the first nine months of the previous year, while its EBITDA declined by 18.4 percent year on year to $123.02 million.  


Similar articles

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

11 Jan | Steel News

Ukraine-based Interpipe posts higher net profit in H1

28 Sep | Steel News

Ukraine’s Interpipe aims to increase sales to foreign markets

03 Jul | Steel News

Ukraine’s Interpipe sees lower revenues in 2022 amid reduced sales volume

31 May | Steel News

Ukraine-based Interpipe’s sales revenues up slightly in H1 despite war

12 Oct | Steel News

Ukraine-based Interpipe’s sales revenues up 30.9% in 2021

15 Jun | Steel News

Ukraine-based Interpipe’s sales revenues increase in Jan-Sept

20 Dec | Steel News

Ukraine-based Interpipe’s sales revenues down slightly in H1

14 Sep | Steel News

Ukraine-based Interpipe’s revenues fall in H1 despite strong performance of railway products

23 Sep | Steel News

Interpipe to cut all pipe supplies to Russia in 2015

05 Feb | Steel News