TMK-Artrom Swings To RON67.5M Profit In 2011

Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, swung to a net profit of 67.5 million lei (EUR16 million) in 2011, from a loss of roughly RON11 million a year earlier, the company said in its financial report Tuesday.