According to IFRS in Q1 2014 TMK receives a $ 16 million loss.
Edited by Rhod Mackenzie / 2014-05-28 07:08:06
The largest pipe producer in Russia – TMK - announces its unaudited consolidated results for the three months ended on March 31, 2014, in accordance with the International Financial Reporting Standards (IFRS).
The company had a net loss of $ 16 million in the Q1 2014 against a profit of $ 85 million for the same period last year due to the write-offs from the rouble devaluation.
