Earnings before interest, taxes, depreciation and amortization (EBITDA) of pipe producer TMK increased by 9% QoQ, to $179 million, while revenue grew by 5%, to $1.264 billion in October-December 2018, as calculated under International Financial Reporting Standards.
The gross profit rose by 1%, to $224 million, while the EBITDA margin remained unchanged at 14%, it said in a statement.
In 2018 EBITDA rose by 16%, to $700 million.
Revenue grew by 16%, to $5.099 billion, the gross profit by 5%, to $916 million, while the EBITDA margin remained at 14% in 2018. (Prime/Ukrainian metal)