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TMK swings to 2010 net profit after loss

TMK, Russia’s largest producer of steel pipes for the energy sector, posted a 2010 IFRS net profit of $104 million, after a net loss of $324 million in 2009, the company said on Friday. Revenue for the year grew 60% to $5.578 billion last year, while EBITDA soared nearly 190% to $942 million. Net debt […]

Posted byRussian_VillageApril 1, 2011Posted inRussian NewsTags: Energy, Russia, RussianLeave a comment on TMK swings to 2010 net profit after loss

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