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According to Russian Accounting Standards, the net profit of "Nizhnekamskneftekhim" was in 2010 over RUB 7 bln


According to Russian Accounting Standards (RAS), the net profit of "Nizhnekamskneftekhim" was in 2010 over RUB 7 bln, which is 16.4 times more than the 2009 value equaled to RUB 424, 3 mln. This was stated in the message of the media office of the company with reference to the general director of "Nizhnekamskneftekhim" Vladimir Busygin. At that, the sales revenue amounted to RUB 94 bln, which is 57% more than in 2009.

Earlier the deputy general director on commerce Yevgeniy Tsyganov informed RBC that the company projects to get at the end of 2010 the net profit in the amount of RUB 5.5 bln based on RAS, and the sales revenue in the amount of RUB 70 bln. According to him, in 2011 the sales revenue may reach RUB 80 bln.

OJSC "Nizhnekamskneftekhim" is one of the biggest Russian petrochemicals manufacturers. The production complex of the company consists of ten key production plants and ten divisions (railway transport, main ethylene lines, etc.). The company produces over 100 types of chemicals, including synthetic rubber, polyethylene, polypropylene, polystyrene and surface-active agents. It is a part of the “TAIF” Group of Companies. The authorized capital of OJSC "Nizhnekamskneftekhim" amounts to RUB 1 bln 830 mln 239 thousand 750, and consists of 1 bln 611 mln 256 thousand ordinary shares and 218 mln 983 thousand 750 preferred shares.



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