Date: 3 months ago   Category: Industry

The revenue of Pipe Metallurgic Company in the II quarter has grown by 6% — to $1,35 billion — Rambler News Service


The revenue of Pipe Metallurgical Co. (PMC), one of the largest global manufacturers of pipes for the oil and gas industry, according to IFRS in the II quarter 2018 has increased by 6% in annual terms and has made $1,35 billion, it is said in the statement of the company. The corrected EBITDA indicator for the reporting period has grown by 23% — to $197 million. Profitability on the corrected indicator of EBITDA has made 15%. The net debt for June 30, 2018 has made $2,71 billion. The relation of a net debt to EBITDA indicator for June 30 has decreased to 3,95x. The revenue of the company following the results of the first half of the year has increased by 28% in annual terms and has made $2,62 billion. The corrected EBITDA indicator following the results of the first half of the year has grown by 30% — to $357 million "Pipe Metallurgic Company confirms the previous forecast for 2018 and expects that in general profitability on the corrected indicator of EBITDA will remain at the level of last year, and the general corrected indicator of EBITDA will be higher in comparison with 2017" — have noted in the company.

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