Pipe Metallurgic Company (TMK) BOD decided to increase the share capital through the additional issue of common stocks, the company informed.
The issue includes 86166871 stocks of 10 rub. par each to be placed through the open offering.
The Plant is the largest maker of pipes in Russia. Its entities cover 44% of the native market including 60% of the pipes for the oil/gas complex. The delivery was increased 5% to come to 3.227mln ton from 3.088mln ton. The major beneficiary is D.Pumpyansky; free float coming to 23%.
The share capital is worth 8.73bn rub. split in 873001000 common stocks of 10 rub. par. One GDR is equal to 4 common stocks.
The 2008-net profit (IAS) gained $198.5mln or 60.8% less the prior year profit ($506.3mln); revenues increased 36.2% to $5.69bn from $4.179bn, EBITDA - 10.8% to $1.006bn from $908.4mln.
"AK&M", 08.02.2010 11:05
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