World News and Views :: Top of the News
Sibur reports decline in first-quarter revenues on lower rubber demand
7:14 AM MDT | June 18, 2013 | Natasha Alperowicz
Sibur (Moscow), Russia’s largest integrated petrochemicals company, today reported a 26% decline in net profit, to 15.6 billion Russian rubles ($490.7 million), on 7.6% lower revenues, of R66.2 billion. Sales were down because of lower demand for synthetic rubbers and the divestment of the company’s fertilizer business, which Sibur sold at the end of 2011. These factors were only partially compensated for the by solid performance of Sibur’s energy product group and increases in revenue from sales of plastics and organic synthesis...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee