Tubacex, one of the major seamless stainless steel pipe producers in Spain released its financial result for the first half of this year. In the first half of this year, the company's net profits totaled €10.7 million, soaring by 74.7% year on year. In the given period of time, Tubacex realized sales revenues of €297.9 million, rising by 5.2 year on year, boosted by increased sales of f high value-added products for oil and gas exploration and extraction. Meanwhile, Tubacex's EBITDA amounted to €31.26 million in the first half of this year, increasing by 19.9% year on year.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65626&division=A6
