By KYIV. Dec 29 (Interfax-Ukraine) – The international vertically integrated pipe and wheel company Interpipe in January-September of this year increased its net profit by 1.7% compared to the same period last year, to $189.130 million from $185.952 million.
As reported in the company’s interim report on operating and financial results for the third quarter and for the first nine months of 2023, profit before tax in January-June increased by 15.9% to $231.856 million from $199.975 million for the same period in 2022.
At the same time, operating profit grew by 9.9%, to $276.724 million from $251.792 million.
Interpipe in January-September of this year saw $287.541 million in EBITDA, which is 2.3 times more than the same period of the previous year ($123.023 million). The company’s revenue for this period reached $785.400 million ($686.634 million).
In addition, Interpipe had available cash of $276.142 million ($126.476 million) at the end of September 2023.
