TMK earns 76 million dollars in IFRS net profits for Q2, 290 million dollars in EBITDA

摘要

OJSC Pipe Metallurgical Company (TMK) made $76 million in net profits to International Financial Reporting Standards (IFRS) in the first quarter of this year - down by half year-on-year - and posted EBITDA (earnings before interest, taxes, depreciation, and amortization) of $290 million - down 13%, the company said. A consensus forecast of investment company and bank analysts compiled by Interfax had predicted net profits of $87 million and EBITDA of $284 million. Losses on exchange-rate differences, as reflected in net profits, amounted to $26 million.