The net profit of Chelyabinsk Pipe-Rolling Plant, or ChelPipe, fell by 26% YoY, to 4.179 billion rules in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said.
Revenue from sales decreased by 9.6%, to 85.84 billion rubles, gross profit slid by 0.8%, to 23.288 billion rubles, and the pretax profit dropped by 22%, to 5.888 billion rubles.
Assets rose by 5.8% from January 1 to 150.35 billion rubles as of June 30. Liabilities grew by 6.6%, to 147.335 billion rubles. (Prime/Ukrainian metal)