Interfax: «Omsky kauchuk» fattenes net profits by a factor of 4.5 in 2018

In 2018, the PJSC “Omsky kauchuk” (member of the Group of Companies “Titan”) received 143 million rubles of net profit under Russian GAAP, which is 4.5 times more than in 2017, company's financial statement reports.

Revenues grew by 3.1% to reach 5.6 billion rubles. At the same time, profit from sales almost doubled.

The report, however, does not give any comments as to the causes of these financial changes.

The key financial indicators of the PJSC «Omsky kauchuk» (in thousand rubles):

The PJSC “Omsky kauchuk” produces several types of rubbers, latexes, high-octane fuel additives, and other chemical products.

The Group of Companies “Titan” is engaged in the production and marketing of synthetic rubber and phenol, manufacture and processing of agricultural products. It incorporates a number of petrochemical companies (“Omsky kauchuk”, Polypropylene Production Plant “Poliom”) and agricultural enterprises (pig-breeding complex “Petrovsky”, feed mill “Pushkinsky). Co-owners of the group are the Sutyaginsky brothers — Alexander, Mikhail and Yuri.

Source: Interfax of 03.04.2019 11:22:00

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