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.
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In 2007, Metafrax raised its methanol capacity to 1m tonnes/year.
($1 = Rb33.11/€1 = Rb44.76)
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