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SIBUR has increased its income in 2016 up to 113 bn

March 15/2017

MOSCOW (MRC) -- The largest petrochemical holding SIBUR has received in 2016 113 billion rubles of net profit, which is 1.8 times higher than its adjusted earnings by the end of 2015, as per the companu's press release.

According to a press release from the company, the companys profitability on EBITDA has decreased to 33.9% from 35.7%

Adjusted EBITDA increased by 5.3% compared to the year 2015, amounting to 149,2 billion rubles, in particular, by increasing the capacity utilization of the plant in Tobolsk.

"Lower prices in international markets was partially offset by the weakening of the ruble", stated in the message of the company.

SIBUR last year has increased volume of processing of associated petroleum gas by 4.4% compared to 2015 to USD 22.4 billion cubic meters primarily due to the launch of Yuzhno-priobskiy GPP (its joint venture with "Gazprom oil"). The result was generated 19.4 billion cubic meters of natural gas, 5.2% over 2015.

The group includes 26 production sites. The companys largest shareholder is Leonid Mikhelson (owned about 43,08% for December 2016).
Author:Anna Larionova
Tags:petroleum products, gas processing, petrochemistry, Crude oil, Sibur Holding, Russia.
Category:General News
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