Kazakh refining company suffers more losses
Baku, Azerbaijan, Nov.24
By Elena Kosolapova - Trend:
The loss of Kazakhstan's Aktobe Oil Refining LLP has significantly increased in Jan.-Sept. 2015, said the website of Kazakhstan Stock Exchange (KASE).
During the reporting period, the company's net loss stood at 643.683 million tenges (307.21 tenges = $1), compared to 52.904 million tenges in the same period in 2014.
This is while the proceeds from the sale of products and rendered services has dropped to 2.019 billion tenges in the first nine months of 2015, compared to 3.07 billion tenges in the same period in 2014.
The assets of Aktobe Oil Refining LLP have decreased from 4.069 billion tenges as of late 2014 to 2.179 billion tenges as of late September.
The company's capital has dropped from 1.325 billion tenges as of late 2014 to 681.271 million tenges.
The capacity of Aktobe Oil Refining is 300,000 tons per year. The plant produces over 10 types of oil products.
Edited by Sİ
Follow the author on Twitter: @E_Kosolapova