Net income in Q1

ChTPZ reported relatively strong growth in net income, drafted to RAS, for Q1 2007, which, , was the result of bigger pipe output.

In Q1 2007, Chelyabinsk Pipe Rolling Plant (ChTPZ) boosted RAS net income 95% y-o-y to Rb 1,193 mln (around $46 mln), or 34% on Q4 2006.

For the record, in the reporting period the plant upped output of all pipe products 36% to 255,000 tn, which explains the big jump in net income. Antanta Capital’s experts believe that in the future there is every chance that ChTPZ’s financial indicators will continue to improve, although higher prices for semi-finished products could take a toll on the company’s profit margin.