Petkim’s net profit increases by 14%

  • 16:12 10 May 2019

Petkim’s net profit increases by 14%

Petkim petrochemical complex, the main share in which belongs to SOCAR, had a net profit of 144 million Turkish liras in the first quarter of this year, which is 14% more than in the same period last year, ONA reports.

Petkim’s revenues in January-March this year amounted to 2.83 billion liras. Its sales increased by 51% compared to the first quarter of last year.

Petkim exports its products to 78 countries. Its 60 different products meet about 20% of Turkey's petrochemical demand.

SOCAR has a 51% stake in Petkim Holding.

Emil Ismayilov

Tags: Petkim SOCAR net profit economy