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Ukraine-based Interpipe posts higher net profit for Q1

Monday, 01 July 2024 14:32:52 (GMT+3)   |   Istanbul
       

Ukrainian steel pipe and railway wheel producer Interpipe has announced its financial results for the first quarter of this year.

In the given quarter, the company posted a net profit of $73.39 million compared to $57.14 million recorded in the same period of last year, while its total sales revenues rose by 11.3 percent year on year to $255.14 million. The company’s operating profit in the first quarter amounted to $91.58 million, moving up by 7.9 percent from $84.91 million recorded in the same quarter of 2023.


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