Ukrainian steel pipe and railway wheel producerInterpipehas announced its financial results for the first nine months of 2022.
In the January-September period,Interpipe’s total sales revenues fell by 9.2 percent year on year to $686.63 million, due to the negative effects of the war inUkraine, while its net profit amounted to $185.95 million, almost six times higher compared to the $32.34 million net profit recorded in the same period of the previous year.
The company’s operating profit in the given period was $251.79 million, compared to $75.67 million in the first nine months of the previous year, while its EBITDA declined by 18.4 percent year on year to $123.02 million.