In January-March, the pipe division of Interpipe registered losses, while railroad division was profitable.
Interpipe increased EBITDA by 26%, to $86 million mostly due to positive results of the railroad division.
Revenue decreased by 8%, to $251 million, while net debt grew to $88 million.
Pipe sales dropped by 40%, to $112 million, with railroad sales revenue up by 66%, to $128 million. (Ukrainian metal)