TMK says swings to 20.4 bln rbl IFRS net profit in January–June

MOSCOW, Aug 26 (PRIME) -- Russian oil and gas pipe producer TMK posted a 20.412 billion ruble net profit in January–June after a 2.882 billion ruble net loss in the same period of 2021, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Friday.

Revenue surged by 72.6% to 300.837 billion rubles, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) more than doubled to 52.644 billion rubles.

For further details, see the company’s statement on its official website:

https://www.tmk-group.com/storage/section/897/tmk-fs-300622-eng.pdf

(59.7699 rubles – U.S. $1)

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