TMK Pipes profit drops
Edited by Rhod Mackenzie / 2013-11-26 02:07:03
In the first 9 months of 2013, the proceeds decreased by 4% as compared with the same period of the last year to $4 861 million, mainly because of more weak results of the American and European divisions and negative influence of currency difference.
In the first 9 months of 2013, adjusted EBITDA decreased by 13% as compared with the same period of the last year and made up $705 that is mainly caused by fall of prices and deterioration of sale structure of the American and European divisions. In the first 9 months of 2013, the adjusted EBITDA profitability was 14%.
