Financial results

The net profit of the Pipe Metallurgical Company under IFRS for the 3 months of 2020 amounted to ₽19.628 bln, having increased 6.6 times as compared to ₽2.983 bln in the previous year. Revenue decreased by 33.4% to ₽55.319 bln as compared to ₽83.069 bln a year earlier.