In H1 Nizhnekamskneftekhim increases revenue by 11%, Kazanorgsintez – by 28%.
Edited by Rhod Mackenzie / 2015-07-30 07:16:24
Finance Oil and Gas Refining Russia Petrochemicals PolymerUpdate Financial results Russia Oil and Gas Production and Refining
In H1 2015 Nizhnekamskneftekhim (NKNKh) and Kazanorgsintez (KOS), which were included in the TAIF group and were among the largest petrochemical enterprises of Russia, had increased revenues by 11% and 28% respectively compared to the same period last year, the General Director of "Tatneftekhiminvest holding" Rafinat Yarullin stated at a meeting of the board of directors of the holding.
"Return on sales amounted to 17% and 34% respectively", - he added.
Meanwhile, he did not mention the size of revenue in absolute terms and profitability.