GDRs released by Pipe Metallurgic Company are included into the out-of-the-list register on MICEX, as it was informed.
TMK is the first Russian company which GDRs are traded on MICEX. By this time GDRs were traded on OTCQX and common stocks on LSE. The first trading in Moscow starts Oct. 16.
The Plant (TIN 7710373095) 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. 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 IQ 2013 net profit (IAS) moved down 19.05% to $85mln from $105mln rub. prior year. The revenues rose 5.47% to come to $1.06bn from $1.005bn; pretax profit dropped 25.83% to $112mln from $151mln; corrected EBITDA - 7.46% to $273mln from $295mln, EBITDA margin gained 16% from 18%.
The IQ 2013 net profit (RAS) moved down 12.15 fold to 215.559mln rub. from 2.62bn rub. prior year period; revenues added 7.27% to come to 277.677mln rub. from 258.853mln rub.; losses from sales - 2.05 fold to 166.617mln rub.
from 81.324mln rub.; pretax profit declined 10.63 fold to 308.617mln rub.
from 3.281bn rub.