Annual net profit of ChTPZ exceeded the loss in Q4

​The Chelyabinsk pipe rolling plant OJSC in 2014 made a high non-consolidated net profit under RAS of 1.573 bln roubles while in 2013 the enterprise made a net loss of over 147 mln roubles.

In Q1-Q3 2014 ChTPZ OJSC made a net profit, in Q1 and Q2 the net profit made up about 1.5 bln roubles. In Q4 2014 the loss reached 1.66 bln roubles.

A high net profit was due to the growth of sales. In 2014 the revenue from sales rose by 17% and reached 97.185 bln roubles. The sales profit almost doubled within a year reaching 14.28 bln roubles.

The rise of sales influenced the profitability of sales. In 2014 this rate rose by 6% reaching 15%.

Pre-tax profit in 2014 made up 2.607 bln roubles against the loss of 25.98 bln roubles in 2013.

Despite of a loss in Q4 2014 which is connected with the operational changes, the revenue of Q4 rose by 32% against Q3 and amounted to 32.18 bln roubles.

The long-term obligations of ChTPZ as of December 31st 2014 rose by 10% within a year and made up 65.64 bln roubles. The short-term obligations rose by 8% within a year to 27.97 bln roubles.