Interpipe NTRP’s profit grew by more than a half in H1

While its retained earnings amounted to ₴ 4.3 billion at H1-end

In January–June 2021, Interpipe Nyzhnyodniprovskyi Tube Rolling Plant (Interpipe NTRP) increased its net profit by 54.1% to ₴163.6 million y-o-y, according to Interfax-Ukraine.

Net income in H1 fell by 23.3% to ₴4.2 billion.

Retained earnings amounted to ₴ 4.3 billion at H1-end.

The Company is actively developing new sales markets by expanding production of new types of products. Specifically, these are markets in North America, the Netherlands, Mauritania, Bulgaria, Turkey and Europe.

Interpipe is an international, vertically integrated pipe and wheel company (PWC), one of the top 10 global manufacturers of seamless pipes and one of the top 3 manufacturers of wrought wheels.

PWC includes Interpipe Nyzhnyodniprovskyi Tube Rolling Plant, Interpipe Novomoskovsk Pipe Plant (NMPP), Interpipe Niko Tube, Dnipropetrovskyi Vtormet and EAF mill Interpipe Steel.

Interpipe NTRP produces longitudinal welded pipes of 152 to 530 mm in diameter. Its production capacity exceeds 850 thousand tons per annum.

In 2020, Interpipe NTRP cut its net profit 155-fold to ₴22.9 million against 2019. In Q1, the Company received net profit worth ₴11.3 million against the net loss of ₴255.9 million in Q1 last year.