02 July 2008 10:59 [Source: ICIS news]
MOSCOW (ICIS news)--Russia's Polyef announced continued net losses of roubles 107m (€2.9m, $4.6m) on Rb1.15bn sales in the first quarter of 2008, the company said in a statement on Wednesday.
In 2007, Polyef's net losses amounted to Rb671m, down from net losses of Rb1.31bn in 2006, the statement said. Last year, Polyef's sales reached Rb4.31bn, up 2.2 times on the year before, it said.
Polyef, based at Blagoveschensk in the Bashkortostan region of ?xml:namespace>
($1 = Rb23.47/€1 = Rb37.06)
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