Kazanorgsintez PJSC increases net profit by 30%

18 March 2019

Kazanorgsintez PJSC increases net profit by 30%

Kazanorgsintez PJSC summed up the financial results for the year of 2018 as per Russian Accounting Standards. The net profit of the Company amounted to 19.9 RUB bn. If compared with the year of 2017, the net profit increased by 30.6%. The revenue of the Company exceeded 79 RUB bn for the year of 2018. This indicator exceeds that of the year of 2017 by 9.7%.

The increase in the indicators was ensured by the increase in the Company’s main product sales growth. Within a year, sales profit grew by 4.3 RUB bn up to 24.4 RUB bn. At that, the cost of sales grew only by 2.6 RUB bn up to 47.9 RUB bn.

The volume of fixed assets of the Company increased by 9.5 RUB bn and exceeded 47 RUB bn. At that, for the second straight year Kazanorgsintez PJSC manages without long-term borrowed funds. The Company implements all new projects by means of its own resources and earnings.

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ПАО "Казаньоргсинтез"

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