PJSC Interpipe Novomoskovsk Pipe Plant (Dnipropetrovsk region) in January-June of this year received a net profit of UAH 847,000, while the same period last year ended with a net loss of UAH 231.059 million.

According to the company's interim report, during this period the plant reduced net income by 30.3%, to UAH 479.428 million.

Retained earnings by the end of June reached UAH 230.107 million.

Interpipe is a Ukrainian industrial company, a manufacturer of seamless pipes and railway wheels. The company's products are supplied to more than 80 countries through a network of sales offices located in key markets of the CIS, the Middle East, North America and Europe.

The ultimate owner of Interpipe Limited is Ukrainian businessman Victor Pinchuk and members of his family.

Interpipe Novomoskovsk Pipe Plant specializes in the production of welded pipes for the oil and gas industry, mechanical engineering, construction and other industries.