26 March 2010 10:13 [Source: ICIS news]
MOSCOW (ICIS news)—Sibur-Neftekhim’s net profit nearly halved last year due to adverse market conditions, the Russian company said Friday.
In 2009, the company’s net profit dropped to Russian roubles (Rb) 64.6m (€1.63m) - or 1.9 times down from Rb121.6m in 2008, according to the company’s annual report. Pre-tax profit fell 53.3% year-on-year to Rb117.4m, it said.
Sibur-Neftekhim's sales amounted to Rb7.3bn, down 8.8% year-on-year, the company said.
Based in Dzerzhinsk, Nizhny Novgorod region, ?xml:namespace>
$1 = Rb 29.6, €1 = Rb 39.4
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