The net profit of Severskiy Pipe Works amounted to 1.4 billion RUR last year (in accordance with the Russian accounting standards). This figure falls short of the one for 2007 by 1.53 billion RUR, TMK’s press officer reports.

In the meantime, TMK’s net loss reached 9 billion RUR in 2008 in comparison with the 19.2-billion-ruble net profit in 2007 (in accordance with the Russian accounting standards).