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13 Sep
13:31

Interpipe’s first-half revenue falls on lower Russia sales

Ukrainian pipe and railway products manufacturer Interpipe saw first-half-of-2021 revenue decline, the company says. January-June revenue decreased by 2% on-year to $460 million, but profit was significantly more, by 66% compared to the same period in 2020, at $31m, Kallanish notes. Ebitda decreased by 25% on-year to $111m, but the amount of capital investments trebled to $21m. The company explains the H1 financial results by the fact that sales prices for p…
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