In 2015, net profit of Kazanorgsintez grew 3 times
Edited by Rhod Mackenzie / 2016-04-05 06:50:57
In 2015, net profit of Kazanorgsintez (TAIF), the largest Russian producer of polyethylene, grew three times as compared with the previous year and amounted to 18.6 billion rubles, the company reports.
The revenue increased by 26%, to 68.7 billion rubles, the company’s statement informs. The gross profit increased 1.8 times to 28.2 billion rubles. The volume of long-term loans fell by almost half to 5.8 billion rubles, short-term ones - by 26% to 6.5 billion rubles.
