Volzhsky Pipe Works posts decreased profit for H1

The net profit of Volzhsky Pipe Plant, a subsidiary of Russia's largest pipe producer TMK, decreased by six percent in January-June this year compared to the same period of last year, falling to Ruble 2.21 billion ($76.5 million). Volzhsky Pipe Plant 's revenues for the first half of the year went up by 42 percent year on year to Ruble 31.21 billion ($1.08 billion).