TMK's RAS net profit for 2023 amounted to ₽39.18 billion, up 4.5 times from ₽8.69 billion in the previous year. Revenue increased by 2% to ₽491.86 billion against ₽482.04 billion a year earlier.

TMK management will agree on a dividend recommendation for 2023 in April, said Igor Baryshnikov, TMK's Director for Strategy and Capital Markets. TMK's dividend policy provides for distribution of at least 25% of IFRS net profit for dividends if Net Debt / Scorr. EBITDA is below 5.5x. Profit for 2023 amounted to ₽39.4 billion, Adjusted EBITDA - ₽130.1 billio...

TMK sold TMK-Kaztrubprom LLP in Kazakhstan in August 2023. Gain from the sale amounted to ₽89 million. Asset was acquired by TMK in 2008. Enterprise is equipped with modern process and control equipment for the production of tubing and casing pipes with nominal diameters from 60 mm to 178 mm. Capacity of the plant is 35 thousand tons of pipes per year. Kaztr...

Pipe Metallurgical Company's IFRS net profit for 2023 amounted to ₽39.38 billion, down 6.1% from ₽41.93 billion in the previous year. Revenue fell 13.5% to ₽544.27 billion against ₽629.19 billion a year earlier.