Profit growing by 34.7% at PJSC Kazanorgsintez

31 October 2018

Profit growing by 34.7% at PJSC Kazanorgsintez

PJSC Kazanorgsintez summarized the financial performance for 9 months. For this period of 2018, the Company’s revenue grew by 11.3% to reach 60.1 RUB bn if compared with indicators in 2017. As of 1 October 2018, the profit amounted to 15.9 RUB bn. In contrast with the indicators for 9 months of 2017, the profit increased by 34.7%.

The increase in the production amounts and favourable market trends ensured the positive changes in financial indicators. PJSC Kazanorgsintez increased the entire main product output manufactured by its plants. Following the results of 9 months, the overall growth rate of production level amounted to 101.6% if compared with the same period in 2017.

However, in spite of feed stock price increase, polymer producers faced a more favourable market situation rather than in 2017. By virtue of the high demand, prices for polymers themselves substantially grew. Maximum gain was observed for high density polyethylene (HDPE) and polycarbonate.

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ПАО "Казаньоргсинтез"

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