Kazan'orgsintez : For the first half of the year Kazanorgsintez’s revenue exceeded 40 billion RUR

31 July 2019

For the first half of the year Kazanorgsintez's revenue exceeded 40 billion RUR

Kazanorgsintez PJSC summarized the financial results for the 6 months of 2019. The company's revenue as of July 1, 2019 amounted to 40.2 billion RUR. The value increased by 3% compared to the last year at the same reporting date.

Net profit of Kazanorgsintez PJSC amounted to 7.9 billion RUR. This turned out to be 21 % less compared to the high last year values. The net profit for the first half of the year was predictable under the current market conditions for polyethylene.

Under these conditions Kazanorgsintez PJSC has launched the increased actual production which contributed both to retaining and increasing the revenue.