ChelPipe says swings to 5.105 bln rbl IFRS January–June net loss

MOSCOW, Aug 31 (PRIME) -- Russia’s Chelyabinsk Pipe Plant (ChelPipe) posted a net loss of 5.105 billion rubles in January–June after a net profit of 4.48 billion rubles in the same period of 2020, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Tuesday.

Revenue grew by 9.9% to 71.363 billion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased by 29.6% to 9.861 billion rubles.

(73.5744 – U.S. $1)

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