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02 Nov
09:17

Tenaris improves sales and profit in third-quarter

Global tube supplier, Tenaris, saw both its sales and financial performances improve year-on-year in the third quarter of 2018, Kallanish learns from the company's operating report. Margins improved on higher average selling prices particularly in North America. Net income rose sequentially boosted by lower deferred tax charges relating to the revaluation of the Mexican currency and higher earnings from non-controlled companies, the company …
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