Spain-based seamless stainless steel pipe producer Tubacex has announced its financial results for the first quarter this year.
In the given period, the company’s sales revenues amounted to €232.2 million, up by 46.9 percent year on year, constituting its highest quarterly sales figure in history, thanks to the increased sales volumes, while its net profit amounted to €10 million, compared to €3.4 million in the same quarter last year.
In the first quarter this year, Tubacex’s EBITDA amounted to €30.5 million, up by 60 percent year on year, representing the highest quarterly figure ever achieved.