TMK Expects Better 2011

By The Moscow Times

Sep. 13, 2010

TMK said Monday that it expected its 2011 result would be above this year’s level as demand grows.

“Our general expectation [is that] 2011 will be an even better year than 2010, and so far, we have all reasons to believe this,” senior vice president for strategy, Vladimir Shmatovich, told analysts during a conference call.

The pipe maker on Friday reported first-half net profit of $67.3 million, beating estimates.

(Reuters)

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