In IQ 2014 Pipe Metallurgic Company (TMK) reduced pipes delivery 3.4% to 1.022mln ton from 1.058mln ton prior year due to the cut-down in the demand on the pipes, the company informed.
TMK (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 2013-net profit moved down (IAS) 22.66% to $215mln from $278mln prior year; revenues dropped 3.83% to $6.432bn from $6.688bn; pretax profit
- 22% to $312mln from $400mln; EBITDA - 7.39% to $952mln from $1.028bn; EBITDA margin remained unchanged at 15%.
The 2013-net profit rallied down (RAS) 2.38 fold to 4.73bn rub. from 11.263bn rub.; revenues added 7.23% to come to 1.112bn rub. from 1.037bn rub.; losses from sales - 47.48% to 685.608mln rub. from 464.889mln rub.; pretax profit halved to 4.889bn rub. from 10.704bn rub