TMK’s fourth-quarter net profit up 37%

The company “TMK” announced the end of the 4th quarter of last year with a net profit of 22.9 billion rubles. In quarterly terms, the growth was 37%. EBITDA showed an increase of 3 percentage points. According to the results of the reporting quarter, it amounted to 17%. By the end of the year, TMK’s net debt fell to 228.2 billion rubles. As of December 31, 2020, it was 275 billion rubles. The total amount of the company’s debt decreased by 10.7 billion rubles to 329.9 billion rubles. TMK’s annual revenue increased by 17% in the quarter. It amounted to 137.4 billion rubles. At the same time, the Russian division of the company completed the quarter with an increase in revenue by 18%. The growth rate of this indicator in the European division is estimated at 6%. The company also reported that the annual net profit reached the amount of 7.2 billion rubles. Advance payments on orders increased in 2021 by 5.5 times to 99.5 billion rubles.

Source: xCritical.com