05 October 2022, Wednesday, 18:11 234

Interpipe's EBITDA Down 2.2 Times To USD 50.4 Million, Earnings Up 0.2% To USD 461.4 Million In H1

Редактор: Tetiana Herasimova

In the first half of 2022, the Interpipe pipe and wheel holding reduced Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) 2.2 times year over year to USD 50.429 million.

The company has said this in a statement, Ukrainian News Agency reports.

In the first half of 2022, compared to the first half of 2021, Interpipe increased its earnings by 0.2% to USD 461.443 million and reduced net profit by 33.6% to USD 19.532 million.

As Ukrainian News Agency earlier reported, in 2021, compared to 2020, Interpipe reduced its EBITDA by 16.3%, or by USD 44.6 million, to USD 228.4 million.

In 2021, compared to 2020, the company reduced profit by 2.1 times, or by USD 103.8 million, to USD 91.3 million, and increased revenue by 31%, or by USD 267.8 million, to USD 1.133 billion.

In 2021, compared to 2020, the holding increased sales of pipe and railway products by 17% to 776,000 tons.

Interpipe is the largest producer of pipes and wheels in Ukraine, controlling the Nyzhniodniprovskyi Pipe Rolling Plant, the Novomoskovsk Pipe Plant, and the Niko Tube Nikopol Seamless Pipe Plant (all in the Dnipropetrovsk region).

In October 2012, Interpipe put into operation the steelmaking complex Interpipe Steel.

Больше новостей о: Interpipe Interpipe pipe and wheel holding