The international vertically integrated pipe and wheel company (TKK) Interpipe received $91.316 million in net profit in 2021, while in 2020 this figure was $195.116 million (a decrease of 53.2%).
According to the company’s annual report, pre-tax profit was $110.907 million compared to $227.405 million in 2020.
At the same time, last year’s revenue increased to $1 billion 132.9 million from $865.131 million.
At the same time, Interpipe increased free cash from $96.631 million to $109.627 million over the year.
In 2020, Interpipe reduced its net profit by 4.2 times compared to 2019 – to $195.116 million from $828.656 million, revenue decreased by 22.9% – to $865.131 million.
Interpipe is a Ukrainian industrial company, a manufacturer of seamless pipes and railway wheels. The company’s products are supplied to more than 80 countries through a network of sales offices located in the key markets of the CIS, the Middle East, North America and Europe.
The structure of the company includes five industrial assets: Interpipe Nizhnedneprovsk Pipe Rolling Plant (NTZ), Interpipe Novomoskovsky Pipe Plant (NMTZ), Interpipe Niko-Tube, Dnipropetrovsk Vtormet, and the Dneprostal electric steel-smelting complex under the Interpipe Steel brand .
The ultimate owner of Interpipe Limited is Ukrainian businessman Viktor Pinchuk and members of his family.
