In Q1 the net profit of Nizhnekamskneftekhim rises almost twice.
Edited by Rhod Mackenzie / 2016-05-17 06:20:04
Finance Oil and Gas Refining Russia Petrochemicals PolymerUpdate Financial results Processing Russia Oil and Gas Production and Refining
In January-March 2016 Nizhnekamskneftekhim (NKNKh, part of the TAIF group), a leading Russian producer of synthetic rubber and plastics, received 8.7 billion roubles of net profit, which is 1.8 times more than in Q1 2015, the company's report informs.
In the reporting period revenues increased by 5% to 38.6 billion roubles, gross profit - by 42.5% and reached 11.9 billion roubles.
