ChTPZ net profit grows to 1.2bn RUR in 2012
6 May 2013 (09:37)
May 6, 2013. Chelyabinsk Tube-Rolling Plant (ChTPZ), Russia’s leading pipe good manufacturer and supplier of integrated solutions for the O&G sector, came up with a performance report for 2012. The company’s revenues went up by 3% last year and amounted to 116,882m RUR, the company’s press service reports.
The plant’s gross profit increased by 8% against 2011, its EBITDA rose by 17% and came to 20,210m RUR, which was the record figure in the last 5 years. Its EBITDA margin rose by 2.2% and amounted to 17.3%. The increase had to do with larger volumes of weldless pipe shipments, including OCTG.
The plant’s net profit went up from 469m RUR in 2011 to 1, 207m RUR in 2012; the net profit margin reached 1%.
In 2012, the Group’s cash generation was 17,354m RUR, of which 10,260m RUR was directed to paying off loans. As a result, the company’s total debts reduced to 102,983m RUR on December 31, 2012.
The total volume of pipe sales remained virtually the same as in 2011 and reached 1.744m tons.
The plant’s gross profit increased by 8% against 2011, its EBITDA rose by 17% and came to 20,210m RUR, which was the record figure in the last 5 years. Its EBITDA margin rose by 2.2% and amounted to 17.3%. The increase had to do with larger volumes of weldless pipe shipments, including OCTG.
The plant’s net profit went up from 469m RUR in 2011 to 1, 207m RUR in 2012; the net profit margin reached 1%.
In 2012, the Group’s cash generation was 17,354m RUR, of which 10,260m RUR was directed to paying off loans. As a result, the company’s total debts reduced to 102,983m RUR on December 31, 2012.
The total volume of pipe sales remained virtually the same as in 2011 and reached 1.744m tons.
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