06 February 2009 10:26 [Source: ICIS news]
MOSCOW (ICIS news)--Metafrax reported a 2008 net profit of roubles (Rb) 1.47bn ($40.5m/€31.6m), down 17% from the previous year, although sales rose 5.3% to Rb7.87bn, the Russian methanol producer said on Friday.
Last year, Metafrax produced 962,000 tonnes of methanol, 0.4% down year on year. Production of formalin fell 5.1% to 268,400 tonnes, the company said in a statement.
It did not make any further comments on the results.
OAO Metafrax, based in Gubakha, ?xml:namespace>
($1 = Rb36.3, €1 = Rb46.5)
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