TUBACEX is well prepared to face the oil crisis

The company approves a supplementary dividend of €0.0501 gross per share, payable in July. This payment, in addition to the dividend paid in January, implies a pay-out of 40%. TUBACEX has invested almost 25 million Euros in 2014. The AGM ratified the appointment of a...

TUBACEX increases its profit in spite of the serious oil crisis

The EBITDA is up 5.7% in the first quarter to 17.48 million Euros with an EBITDA margin of 10.9%. Net financial debt over EBITDA remains at 2.5 times, below its strategic objective of 3 times. Profit before tax is up 22.8% and stands at 9.36 million Euros TUBACEX, the...