Russia: ChTPZ profits turn into losses in Q1 2017
In January-March Chelyabinsk Pipe Works received 608.2 million rubles of net losses against 2.4 billion rubles on net profits in Q1 2016. The group income dropped by 10% YoY, to 24.775 billion rubles. Sales profits decreased to 1.2 billion rubles from 4.3 billion rubles. (Ukrainian metal)