13 August 2013 11:57 [Source: ICIS news]
LONDON (ICIS)--Second-quarter petrochemical sales revenue at Slovakia’s Slovnaft improved 27% year on year to €107m ($142.7m) from €84m, the company said on Tuesday.
The quarter also saw monomer and polymer production volume increase 43% on the same quarter a year ago to reach 67,000 tonnes, it added.
The average petrochemical margin seen by Slovnaft in the second quarter rose 42% year on year to €269/tonne, with lower naphtha feedstock prices the key factor, the company said.
Overall, Slovnaft, also a refiner, made a second-quarter net loss of €3m against the restated net loss of €55m recorded in the same quarter of 2012.
Net sales revenue climbed 20% year on year in the second quarter to €1.2bn from €1.0bn.
Slovnaft CEO Oszkar Vilagi said the first half of this year saw no significant improvement in the macroeconomic environment faced by the company.
($1 = €0.75)
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