Russia: STZ profits down in H1 2018
In January-June Sinarsky Pipe Works received 337.76 million rubles of net profit, down 3-fold YoY. Net profit in Q2 exceeded 243.7 million rubles, up from 94 million rubles in Q1. Revenue in H1 reached 21.44 billion rubles, up by 16% YoY. In Q2 revenue increased by 5% QoQ, to 10.98 billion rubles. (Ukrainian metal)