Khartyz pipe plant reduced its profit by 7 times

Metinvest’s subsidiary Khartyz pipe plant reduced profit by 7.2 times to 38.258 million grivnas in 2013. By the end of the year, undistributed profit was 404.572 million grivnas, according to the advertisement of the company for annual shareholders meeting that will be held on April 8. Last year the plant reduced short-term debt by 33% to 1.024517 billion grivnas, and long-term debt by 69.5% to 142.527 million grivnas, and debit debt by 44.2% to 992.695 million grivnas. Assets reduced by 25.3% to 2.376888 billion grivnas, including fixed assets by 7.7% to 1.102031 billion grivnas.