Russia: TMK gets $166 million of profits in 2016
The net profit of TMK in 2016 reached $166 million as opposed to $368 million of losses in 2015. According to the company statement, its revenues decreased by 19.1%, to $3.33 billion, with gross profit down by 16.7%, to $704 million. EBITDA dropped by 18.6%, to $530 million. Net profit in Q4 2016 totaled $84…