The IH 2014 net profit at Pipe Metallurgic Company (TMK) increased 40.56% to 4.997bn rub. from 3.555bn rub. prior year, the company informed.
The revenues moved up 4.94% to 583.279mln rub. from 555.835mln rub.; losses from sales - 21.7% to 460.124mln rub. from 378.068mln rub.; pretax profit - 50.52% to 5.023bn rub. from 3.337bn rub.
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.