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13 Nov
00:00

Tubacex doubles pre-tax profit in first nine months of 2014

Spain’s Tubacex says that its pre-tax profits for the period January to September 2014 have almost doubled year-on-year. This is in spite of a slight dip in consolidated sales over the same period, the company reports in a statement seen by Kallanish. The stainless steel seamless tube producer has posted an increased pre-tax profit of € 25.2 million ($31.4m) (+96.9%) for the first nine months of 2014 on reduced sales of €400m (-2.9%), both y-…
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