Ukraine's Interpipe boosted net profit by 18% year-on-year in 2007, on high demand for pipe and wheel products, and a strong pricing environment, the company told MB. Net profit jumped to $256 million in 2007, up from $217 million in 2006. Meanwhile, revenue jumped 24.3% to $1.79 billion, up from $1.44 billion, in the same period. "Over the past twelve months, Interpipe has significantly increased its revenue, while also continuing to implement the company's investment programme and strategic initiatives," said Interpipe ceo Alexander Kirichko. "In 2007, we activated a contract with Danieli for the construction of an electric arc furnace steel mill that will allow us to further increase our vertical integration," he said. "In addition, we also continued the transformation of Interpipe into a transparent, internationally-recognised company, which was well received by the international financial community during the placement of our initial Eurobond.
 The annual results clearly illustrate the company's ability to effectively respond to a volatile market."