Strong 2007 Results at TMK Romanian Subsidiaries and TMK-Resita Privatisation Finalised
OAO “TMK” (TMK) announces significant improvements in the financial and operating performance of its Romanian subsidiaries for the year 2007. TMK-Artrom revenues jumped 79% up to USD 214.3 million and EBITDA rose by 20% to reach USD 25.8 million compared to 2006 results. Revenues at TMK-Resita increased by 43% to reach USD 205.6 million and EBITDA grew to USD 21 million, a 79% jump on 2006 results.