07
May
12:04
TMK decreases revenue in first quarter
Russian pipemaker TMK‘s revenue in the first quarter fell 13.5% on-year to RUB 112.14 billion ($1.23 billion), Kallanish notes.
The company posted a net loss in January-March of RUB 5.8 billion against a profit of RUB 1.3 billion in Q1 2023. Gross profit amounted to RUB 8.7 billion, against RUB 13.18 billion in Q1 2023. Profit from sales decreased almost 2.5-fold to RUB 3.96 billion.
Earlier, TMK said it will continue to focus on its priority, domestic mark…
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Anonymous
Very good overview of the weekly steel market.
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