Nyzhnyodniprovsk Pipe posts net loss of UAH 259 mln in 2010
23 February 2011
Nyzhnyodniprovsk Pipe (UX: NITR UK), controlled by Interpipe, decreased its net loss by 27.3% y-o-y to UAH 259.1 mln in 2010, according to an AGM announcement. Retained earnings at end-2010 amounted to UAH 1.19 bln. Company shareholders are due to meet for an AGM on April 8, 2011. Nyzhnyodniprovsk’s annual output in 2010 was 357.9 ths mt, up 43.5% y-o-y. In January 2011, its production amounted to 33.2 ths mt, up 28% y-o-y.
