Turkish Petkim Increased Its Net Profit by 2.4 Times in Q1

Views: 545

The net profit of the Turkish petrochemical holding Petkim in the first quarter of 2017 compared with the same period in 2016 increased by 2.4 times – up to 359 million Turkish lira (TL), according to the website of the holding.

SOCAR Turkey Energy (the Turkish “daughter” of SOCAR) owns a controlling stake in the petrochemical complex of Turkey Petkim Petrokimya Holding.

The information indicates that the company’s gross profit for January-March 2017 was 468 million TL (2.2 times growth), and the sales volume – 1 billion 766 million TL (an increase of 59.2%).

Assets of Petkim in the first quarter of 2017 amounted to 7 billion 292 million TL (an increase of 16.3%).

The utilization ratio of Petkim’s production capacities in the first quarter reached 94.7%.

Petkim shares are quoted on the Istanbul Stock Exchange.

Comments: 0


Your Cart