PJSC Interpipe Dnipropetrovs’k Vtormet (Dnipro), a member of Interpipe Pipe and Wheel Company (TKK), posted a consolidated net profit of UAH 43.841 million in January-September this year, compared to a consolidated net loss of UAH 58.818 million in the same period last year.
According to the company’s interim report, its net income for the period increased by 28.3% to UAH 3 billion 211.957 million.
Retained earnings as of the end of September 2023 amounted to UAH 192.715 million.
At the same time, Interpipe Dnipropetrovs’k Vtormet earned a non-consolidated net profit of UAH 44.657 million in 9M2023, while it ended the same period last year with a net loss of UAH 54.081 million. The net income for the period corresponds to the same figure in the consolidated financial statements.
As reported, Interpipe Dnipropetrovs’k Vtormet posted a consolidated net profit of UAH 25.460 million in the first half of the year, while it ended the same period last year with a consolidated net loss of UAH 38.239 million. Net income for the period increased by 38.6% to UAH 2 billion 155.760 million.
In January-June of this year, the company posted a non-consolidated net profit of UAH 25.637 million, while it ended the same period last year with a net loss of UAH 35.344 million. “In the first quarter of 2023, Interpipe Dnipropetrovs’k Vtormet earned UAH 15.480 million in profit, while it ended the same period last year with a net loss of UAH 16.57 million. Net income for the period increased by 32.5% to UAH 1 billion 111.279 million.
“Interpipe Dnipropetrovs’k Vtormet ended 2022 with a net loss of UAH 10.284 million, compared to UAH 14.234 million in net profit in 2021. At the same time, net income decreased by 51.8% to UAH 3 billion 276.74 million.
“Interpipe Dnipropetrovs’k Vtormet specializes in the procurement and processing of ferrous scrap in the Dnipro region and the subsequent sale of this product, including the preparation of metal charge for steelmaking plants.
As of the first quarter of 2023, Interpipe Limited (Cyprus) owns 98.6699% of the shares in Interpipe Dnipropetrovs’k Vtormet.
The company’s authorized capital is UAH 64.876 million.
