It is reported that the net profit of Sinarsky Pipe Works, a subsidiary of Russia largest pipe producer TMK increased by 86% in Q2 this year compared to Q1 rising to RUB 119.7 million.

The company revenues for the second quarter of the year went up by 8%YoY to RUB 6.86 billion. In January to June of this year, Sinarsky Pipe Works achieved a net profit of RUB 184 million and revenues of RUB 13.31 billion.

(Sourced from SteelOrbis)
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