In H1 of 2013, TMK Pipes’s net profit made up $125 million (-31% as compared with H1 of 2012)
Edited by Rhod Mackenzie / 2013-08-27 04:11:23
The volume of pipes sale grew by 6% as compared with the first quarter of 2013 and made up 1 117 thousand tons, mainly due to the increase of seamless threaded pipes of oil and gas assortment (OCTG) and large diameter pipes (LDP) dispatch.
The sale of seamless pipes increased by 3% as compared with the first quarter of 2013 and made up 645 thousand tons. The sales of OCTG grew by 10% as compared with the previous quarter because of high volumes of the drilling in Russia.
The sale of welded pipes increased by 9% as compared with the previous quarter and made up 472 thousand tons. The sales of welded OCTG and LDP grew by 14% and 8% respectively.
