SIBUR posts H1’13 net profit of RUB 25.54 bln, a decrease of 13.9% y-o-y

OAO SIBUR Holding, a unique integrated gas processing and petrochemicals company, yesterday published its operational and financial results for the three and six months ended 30 June 2013 in accordance with International Financial Reporting Standards (IFRS). Net profit for the first half of 2013 totaled RR 25,545 million, a decrease of 13.9% year-on-year, the company says. SIBUR’s revenue decreased by 5% year-on-year to RR 130 billion.

SIBUR is a Russian petrochemicals company. The activities of SIBUR include the entire petrochemical process chain from gas processing, production of monomers, plastics and synthetic rubbers to the processing of plastics. SIBUR is a vertically integrated company with its gas processing facilities providing feedstock for its petrochemical production.