In the first six months of 2023, the Interpipe pipe and wheel holding increased its profit 6.3 times or by USD 102.9 million year over year to USD 122.43 million.
This follows from a statement by the company, the Ukrainian News Agency reports.
In the first six months of 2023, Interpipe increased revenues by 12.3% or USD 56.9 million year over year to USD 518.375 million, and boosted the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) 3.5 times year over year to USD 177.681 million.
As Ukrainian News Agency earlier reported, in 2022, compared to 2021, Interpipe reduced the sale of finished products by 37% to 524,000 tons.
At the same time, in 2022, compared to 2021, the company increased its profit 2.2 times to USD 204.4 million.
Also in 2022, Interpipe reduced its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) by 11% to USD 204 million and revenue by 13% to USD 981 million.
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 commissioned the Interpipe Steel steelmaking complex.
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