Chelyabinsk Pipe-Rolling Plant Public Joint-Stock Company (ChelPipe PJSC), a leading Russian manufacturer of pipe products and provider of integrated solutions for companies of the fuel and energy complex, announces its consolidated financial results for the six months ending June 30, 2017, in accordance with International Financial Reporting Standards (IFRS). Financial results as of H1 2017 (in millions of Russian rubles, unless otherwise stated) H1 2017 H1 2016 % Revenue 72,566 68,624 6% Volume of pipe sales, thousand tonnes 977 876 12% Gross profit 17,297 21,945 -21% Profit before tax 3,114 7,624 -59% Operating profit 7,362 12,809 -43% Net profit 2,101 5,810 -64% EBITDA (adjusted*) 11,001...
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