"Gazprom neftekhim Salavat" completed the year of 2013 with loss totaling 2.93 billion rubles by IFRS

Elvira Latypova

JSC "Gazprom neftekhim Salavat" received loss of 2.93 billion rubles in 2013 as it follows from the company's annual report according to IFRS. In 2012 the company worked with profit of 588 million rubles.

Revenues from sales increased by 5.7 percent - up to 192.6 billion rubles. Operating profit amounted to 2.5 billion rubles – by 16.6 percent more than in 2012. Loss before tax was formed in the volume of 2.6 billion rubles against 1.5 billion rubles of profit a year earlier.

The total amount of long-term loans increased during the year by more than five times - to 32.8 billion rubles. Short-term loans and borrowings decreased by 20 percent - to 28.6 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 gases, butyl alcohols, plasticizers, polyethylene. Almost 100 percent of the company’s stake is possessed by wholly owned subsidiary of Gazprom - "Gazprom Pererabotka" LLC.

#annual reports #oil companies

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