According to its financial results for 2012 in line with international financial reporting standards (IFRS), Russian pipemaker TMK saw its net profit fall by 27 percent year on year to $282 million in the given year. In 2012, the company's sales revenues went down by one percent year on year to $6.688 billion mainly due to the negative impact of currency conversion.
TMK's adjusted EBITDA decreased from $1.050 billion in 2011 to $1.040 billion in 2012. Its adjusted EBITDA margin, which had been 16 percent in 2011, stayed at the same level in 2012.
Source:
http://www.steelorbis.com/steel-news/latest-news/tmk-sees-27-percent-fall-in-net-profit-in-2012-744977.htm
