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Sibur's 2012 profit drops by more than 4% despite higher sales

7:58 AM MDT | April 4, 2013 | Francinia Protti-Alvarez

Sibur (Moscow) posted profits of 60.09 billion Russian rubles ($1.91 billion) for 2012, down 4.3% on the previous year. Ebitda, at R82.3 billion, also dropped by more than 5% during the same period, the company announced. Sales nevertheless rose by more than 9% in 2012, to R271.3 billion, compared with R248.7 billion in 2011. At R126.4 billion, petrochemical products accounted for almost 47% of sales, with the rest originating from energy products. The effects of the challenging market environment in petrochemicals, which was volatile throughout 2012 in...

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