In H1, Nizhnekamskneftekhim increased net profit 3.5 times
Edited by Rhod Mackenzie / 2015-09-01 06:34:09
Finance Oil and Gas Russia Petrochemicals PolymerUpdate Financial results Russia Oil and Gas Production and Refining
By results of the first six months of 2015, the net profit of Nizhnekamskneftekhim (a part of the TAIF group), the leading Russian producer of synthetic rubber and plastics, grew 3.46 times as compared with the same period of the previous year and amounted to 12.98 billion rubles, the company's report under IAS informs.
In January - June 2015, the company’s revenues increased by 12.19% to 76 billion rubles as compared to the same period of 2014, the gross profit amounted to 20.06 billion rubles. In the reporting period, the operating profit reached 15.94 billion rubles, which is 1.54 times more than in 2014. The pretax profit grew 3.41 times to 16.68 billion rubles.
