"Gazprom neftekhim Salavat" increased net profit by almost 15 times

JSC "Gazprom neftekhim Salavat" completed the year of 2013 with a net profit of 1.9 billion rubles, which is 14.9 times higher than in 2012, follows from the company's annual report made according to RAS.

Revenues net of VAT and excise taxes increased by 8.8 percent - up to 167.2 billion rubles. Cost of sales increased by 7.6 percent - up to 119.6 billion rubles.

Gross profit formed in the sum of 47.7 billion rubles (plus 12 percent). Profit on sales was 2.6 billion rubles – with an increase of 45 percent to 2012. Profit before tax for a year grew by 3.7 times - up to 2 billion rubles.

The company does not comment indexes in its annual report.

Accounts payable of JSC "Gazprom neftekhim Salavat" amounted to 30.3 billion rubles at the end of 2013, down for a year by almost 1.5 times. Accounts receivable increased by 23.6 percent - to 21.8 billion rubles.

JSC "Gazprom neftekhim Salavat" is one of Russia's largest industrial refining and petrochemical complexes. It provides a full cycle of hydrocarbon raw materials processing. It produces bulk products: gasoline, diesel fuel, kerosene, liquefied gas, butyl alcohols, plasticizers, polyethylene. Almost 100 percent of the company’s stake is owned by Gazprom subsidiary - "Gazprom Pererabotka" LLC.