"Gazprom neftekhim Salavat" reduced the net loss under RAS by 2.2 times in 2015

Olesya Seregina

UFA, 23 March 2016. /Bashinform News Agency, Olesya Seregina/. JSC "Gazprom neftekhim Salavat" recorded a net loss under RAS for 2015 in the amount of 8.63 billion rubles, which is almost 2.2 times lower than in 2014, it follows from the Annual Report of the company under RAS.

The revenue net of VAT and excise taxes decreased by 17.1 percent - up to 158.1 billion rubles. Cost of sales decreased by 4.9 percent - up to 127.35 billion rubles. Gross profit amounted to 30.75 billion rubles (minus 45.8 percent). Operating profit was formed in the amount of 8.82 billion rubles - a growth by 13.6 percent compared to 2014. Loss before tax for the year decreased by 2.2 times - up to 8.51 billion rubles.

Accounts payable of JSC "Gazprom neftekhim Salavat" at the end of 2015 amounted to 30.99 billion rubles, having decreased over the year by 12 percent. Accounts receivable increased by almost two times - up to 35.92 billion rubles.

JSC "Gazprom neftekhim Salavat" is one of the largest industrial complexes in the Russian oil refining and petrochemistry. It carries out a full cycle of hydrocarbon raw materials processing. It produces gasoline, diesel, kerosene and other petroleum products, liquified gases, butyl alcohols, plasticizers, polyethylene, polystyrene, ammonia, carbamide. It is almost wholly owned by the subsidiary of "Gazprom" - LLC "Gazprom Pererabotka".

#gazprom neftekhim salavat #financial results

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