Sibur says 2018 net profit down 8%, hit by weaker rouble

Sibur says 2018 net profit down 8%, hit by weaker rouble
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

22.02.2019

MOSCOW (MRC) -- Russia's largest petrochemicals company, Sibur, suffered an almost 8% drop in net income last year to 110.8 billion roubles (USD1.7 billion), it said, citing currency weakness and a disposal that had boosted the previous year's numbers, as per Reuters.The weaker rouble, which increases debt held in other currencies, helped to lift Sibur's net debt to 317.6 billion roubles,

Full article at mrcplast.com

Back

news