Sinarskiy Pipe Plant’s net loss goes up 56.9%

3 August 2010 (09:04)

The net loss of Sinarskiy Pipe Plant (part of Pipe Metallurgical Company/TMK) rose by 56.9% or up to 493.47 million RUR in the second quarter of 2010.

The company reports the increase in losses has to do with the growing raw materials prices, and the drop in production output and sales volumes due to the scheduled machinery overhaul.

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