Russia's NKNKh reports lower first-half profit, sales

15 August 2013 16:42  [Source: ICIS news]

MOSCOW (ICIS)--Russia's leading petrochemical producer Nizhnekamskneftekhim (NKNKh) on Thursday reported lower profit and sales in the first half of this year.

In January to June, NKNKh's net profit amounted to roubles (Rb) 6bn ($137m) or 43% down year on year, the company said.

NKNKh's sales reached Rb59.57bn, or 9% down year on year. It also reported pre-tax profit amounting to Rb7.7bn, 40% down year on year.

NKNKh, based in Tatarstan, Central Russia, is the country's major manufacturer of petrochemical products.

The full text of the report is available here in Russian.

($1 = Rb43.86)
($1 = €0.75)

By: Sergei Blagov
+44 20 8652 3214

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