TMK announces financial results for Q4 and 2013 (under IAS)
Edited by Rhod Mackenzie / 2014-03-12 03:42:27
- The volume of pipes sale grew by 7% as compared with the previous quarter and made up 1 090 thousand tons, mainly due to increase in sale of seamless oilfield casing and tubular goods (OCTG) and line pipes by the Russian division.
- The volume of sale of seamless pipes grew by 15% as compared with the previous quarter and made up 617 thousand tons. The sale of OCTG seamless pipes and line pipes increased by 21% and 19% respectively as compared with the previous quarter due to seasonal increase in demand from oil and gas companies.