• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

Russian TMK’s sales revenue surge by 21% in 2011

  • A
  • A
  • A
TMK, the largest steel pipe producer for energy sector in Russia announced that its sales revenue in 2011 amounted to US$6.75 billion, surging by 21% year on year.

Among them, 58% of the total sales revenue was generated by the sales of seamless steel pipes. Also, over 70% of its revenues were from the oil and gas pipe end-users.

In addition, the company posted the gross profits of US$1.45 billion for 2011, rising by 12% in comparison of that in a year earlier, with 74% of the total came from seamless steel pipes.

Meanwhile, the company adjusted EBITDA soared by 11% to US$1.05 billion in 2011 from US$942 million in 2010.

In 2011, TMK sold 4.2 million tons of steel pipes, rising by 6% year on year, boosted by the sales of seamless and welded line pipes.
News Date 19 Mar 2012 14:03:06 reported by Nann Cheng

Russian TMK announces net loss in Q3 this year...
Finance and economy
26 Nov 2015 09:28
USS announces temporary close its Grani city mill...
Finance and economy
25 Nov 2015 14:26
Gerdau’s sales revenue decreases in Jan-Sep...
Finance and economy
19 Nov 2015 11:45
Jindal Stainless sets to cut debt by 64%...
Finance and economy
19 Nov 2015 08:50
Germany Salzgitter’s net profit rose in January-Se...
Finance and economy
16 Nov 2015 10:44
Most Popular