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Nyzhnyodniprovsky Pipe Rolling Boosts Top Line 41.4 % yoy In 1H05, To USD 307.3 mln.

Nyzhnyodniprovsky Pipe Rolling Boosts Top Line 41.4 % yoy In 1H05, To USD 307.3 mln.

3 November 2008

The company’s (NITR: BUY) EBITDA grew 5.5-fold, to USD 51.9 mln, for the period, and net income skyrocketed by 40 times, to USD 78.0 mln. Concorde Capital: We believe this substantial improvement in the company’s financials is due not only to improved operations but also to the diminution of transfer pricing.

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