Metafrax H1 net profit falls 75% to Rb248m, sales down 42%

05 August 2009 09:15  [Source: ICIS news]

MOSCOW (ICIS news)--Russian methanol producer Metafrax posted a first-half net profit of rouble (Rb) 248m ($7.5m, €5.5m), down 75% year on year, according to a statement released by the company on Wednesday.

In the January-June period, the company's net sales dropped 42% year on year to Rb2.531bn, the statement said.

Metafrax is Russia's largest methanol producer and exporter. It is based in Gubakha, in northern Russia’s Perm region.

In 2007, Metafrax raised its methanol capacity to 1m tonnes/year.

($1 = Rb33.11/€1 = Rb44.76)

For more on methanol visit ICIS chemical intelligence
To discuss issues facing the chemical industry visit ICIS connect

By: Sergei Blagov
+44 20 8652 3214

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly