Russia's Sibur-Neftekhim 2009 net profit nearly halves

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, Central Russia, Sibur-Neftekhim’s operations include a caprolactam plant, an ethylene oxide plant and a glycol plant in Dzerzhinsk, as well as a petrochemical plant in Kstovo. It is controlled by the country's major petrochemical holding Sibur.

$1 = Rb 29.6, €1 = Rb 39.4

For more on Sibur visit ICIS company intelligence
To discuss issues facing the chemical industry go to ICIS connect

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