OREANDA-NEWS. On 05 February 2009 was announced, that Khartsyzsk Tube Works < HRTR UZ UR >, the largest in CIS and the only Ukrainian producer of extra large diameter steel pipes, stated a profit of UAH 1.266bn in 2008, about four times higher than in 2007.

Despite very bad beginning of the year HRTR finished it with positive result. Millennium Capital notes that HRTR is the fourth in the line of SCM assets that reported positive results during the week. It indicates that SCM wants to get money through dividends. This is positive news not only for HRTR but for all shareholders of the enterprise.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of the major investment banking institutions.