In 2015, ChTPZ’s net profit was 6.04 billion rubles

In 2015, ChTPZ made the net profit under IAS in the amount of 6.04 billion rubles against the loss in the amount of 1.2 billion rubles in 2014, the company reports.

The revenue increased by 16% to 148.367 billion rubles, EBITDA - by 27% to 28.9 billion rubles. The EBITDA margin grew by two percentage points to 19.5%.

In 2015, the activities of Russian pipe companies was influenced by such factors as the instability of the global economy, high metal prices and strong volatility on the currency market, ChTPZ notes.

However, due to changes in the structure of shipments towards high-margin products, growth in the revenue from exports to non-CIS countries, as well as increasing its own production of billets and development of new steel grades ChTPZ was able to increase its revenue and to make the profit in the amount of 6.04 billion rubles, from which the negative exchange rate differences made up 832.9 million rubles.