The increase in turnover is due to a 41% surge in the pipe production sold and a decline in sales of merchandise bought from companies within TMK Group, by 10%, according to a financial report released Monday
TMK Artrom has a market capitalization of RON476.2 million after its shares have increased by 36.6%, amid transactions worth RON262,268.
The company is 92.72% held by TMK Europe and the remaining shares are distributed among other investors on the Bucharest capital market.