In January-September 2024, PJSC Interpipe Nizhnedniprovsky Pipe Rolling Plant (Interpipe NTZ, Dnipro) reduced its consolidated net profit by 57.6% compared to the same period in 2023, to UAH 501.810 million from UAH 1 billion 183.320 million.
According to the interim report on consolidated financial results for the first nine months of the year, which was reviewed by Interfax-Ukraine, the company reduced its net income by 28.3% to UAH 6 billion 229.471 million.
Retained consolidated earnings as of the end of September 2024 amounted to UAH 4 billion 455.675 million.
As reported, in January-September 2023, Interpipe NTZ received a consolidated net profit of UAH 1 billion 183.320 million, while it ended the same period in 2022 with a net loss of UAH 1 billion 933.986 million.
The company ended 2023 with a consolidated net profit of UAH 748.896 million against a loss of UAH 1 billion 233.944 million in 2022.
“Interpipe is a Ukrainian industrial company, a manufacturer of seamless pipes and railway wheels. Interpipe employs about 9 thousand people.
The company has five industrial assets: “Interpipe Nizhnedneprovsky Pipe Rolling Plant (NTZ), Interpipe Novomoskovsky Pipe Rolling Plant (NMPP), Interpipe Niko Tube, Dnipropetrovs’k Vtormet and Dnipro Steel, an electric steelmaking complex under the Interpipe Steel brand.
The ultimate owner of Interpipe Limited is Ukrainian businessman and philanthropist Victor Pinchuk and his family members.
“Interpipe manufactures longitudinal welded pipes with diameters ranging from 152 to 530 mm. Its production capacity exceeds 850 thousand tons.
According to the third quarter of 2024, Interpipe Ukraine LLC owns 12.0902% of its shares, KLW Limited (Cyprus) – 60.8197% and Interpipe Limited (Cyprus) – 21.8405%.
The authorized capital of PJSC Interpipe NTZ is UAH 100 million, with a share price of UAH 0.25.
