Interpipe NMPP published financial results for the first half of 2022

The company's net sales in January-June 2022 amounted to UAH 687.476 million

Interpipe Novomoskovsk Pipe Plant (Interpipe NMPP) completed the first half of 2022 with a consolidated net revenue of UAH 835.213 million. The report on the company’s website informs about it.

The net loss in the reporting period amounted to UAH 231.059 million (compared to UAH 129.411 million in net sales in January-June 2021). The consolidated loss for the first half of 2022 is a similar amount.

According to the report, Interpipe NMPP in the first half of the year received a net revenue of UAH 687.476 million (compared with 1.84 billion in the same period of 2021).

Undivided sales at the end of June 2022 amounted to UAH 316.79 million.

The sales volume of products on the domestic market in theis period amounted to UAH 239.9 million, for export – UAH 447.52 million.

In 2021, Interpipe NMPP increased its net sales by 2.2 times compared to 2020 – up to UAH 175.72 million. In 2021, the pipe company Interpipe increased its net sales by 43.6% compared to 2020 – up to UAH 3.87 billion. Undivided sales at the end of 2021 amounted to UAH 514.6 million. In 2021, the company’s assets increased by 29.5% – up to UAH 2.94 billion. Fixed assets increased by 2.1 times – up to UAH 644.7 million.

As GMK Center reported earlier, Interpipe produced 286 thousand tons of steel in January-June 2022. Production of pipes for the first half of 2022 amounted to 205 thousand tons, and railway products – 40 thousand tons