Khartsyzk Pipe Increases PBT 57% in 1H07
30 July 2008
Khartsyzk Pipe (HRTR: U/R) increased profit before tax 57% yoy to USD 80.1 mln in 1H07. The company will invest USD 0.4 mln this year to improve the quality of its pipes. The reported results are 15% higher than our forecasted PBT of USD 70 mln in 1H07.
