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Chelyabinsk Pipe announces result for 6 months ended-The 20th China (Guangzhou)Int’l Fastener & Equipment Exhibition
8/28/2018 緊固件展-緊固件采購會-國際緊固件展-fastener expo |
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Chelyabinsk Pipe-Rolling Plant Public Joint-Stock Company, a leading Russian manufacturer of pipe products and provider of integrated solutions for companies of the fuel and energy complex, announces its consolidated financial results for the six months ending June 30, 2017, in accordance with International Financial Reporting Standards.
Adjusted EBITDA (hereinafter EBITDA) represents the amount of net profit for the accounting period before the deduction of financial expenses and financial incomes, income tax expenses, depreciation of fixed assets and intangible assets, exchange rate differences, changes in the fair value of derivative financial instruments, loss/(profit) on disposal of subsidiaries, negative goodwill.
Sales:
The total sales of pipe products in H1 2017 were equal to 977,000 tonnes, 12% higher than the volumes of the same period in 2016 (876,000 tonnes). The export of pipes increased by 315% up to 270,000 tonnes, supply to the Russian market was equal to 707,000 tonnes (?13%). The decrease was affected by the change in the schedule of LDP supply for Gazprom projects (Power of Siberia and Nord Stream). However, the share of ChelPipe Group in the total shipments of Russian pipe manufacturers increased by 2.3% compared to the same period in 2016 and amounted to 18.6%.
The company sold 389,000 tonnes of welded pipes including 371,000 tonnes of large diameter pipes (LDP), which is 9% and 12% higher than the respective figures for January–June 2016.
The sales volumes of seamless products increased by 14% and was equal to 588,000 tonnes of pipes.
The company increased the shipments of pipe fittings by 2,300 tonnes (+51% compared to the same period last year). The growth was determined by the increase of laterals sales to Gazprom PJSC and oil and gas companies.
緊固件展-2019第二十屆廣州國際緊固件及設備展覽會-巨浪展覽
-The 20th China (Guangzhou)Int’l
Fastener & Equipment Exhibition
- Fastener exhibition,2019 Fastener
exhibition, China Fastener exhibition, Guangzhou Fastener exhibition, 2019 Fastener
expo, China Fastener expo, Guangzhou Fastener expo
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