Russia's Sibur reports fall in first-half net profits

15 August 2012 15:24  [Source: ICIS news]

MOSCOW (ICIS)--Sibur’s net profit in the first half of 2012 amounted to roubles (Rb) 31.1bn (€792m), down 9% year on year, despite a rise in sales, the Russia-based petrochemical major said on Wednesday.

Sales in the January-June period reached Rb121bn, up 6% year on year, under Russian Accounting Standards, Sibur added.

In the first half this year, Sibur produced 67.1% of Russia's total monoethylene glycol (MEG) output, 42.2% of low density polyethylene (LDPE), 29.8% of styrene, and 21.5% of polypropylene (PP), according to the company's report.

(€1 = Rb39.27)

By: Sergei Blagov
+44 20 8652 3214

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