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Petkim reveals volume of charitable endowment for 2017

World Materials 30 March 2017 12:22 (UTC +04:00)
The Turkish petrochemical complex Petkim plans to spend 10 million Turkish liras for charity.
Petkim reveals volume of charitable endowment for 2017

Baku, Azerbaijan, Mar. 30

By Orkhan Quluzade – Trend:

The Turkish petrochemical complex Petkim plans to spend 10 million Turkish liras for charity, says a report on the outcome of the meeting of Petkim shareholders, posted on the website of Turkey’s Public Disclosure Platform (Kamuoyunu Aydinlatma Platformu – KAP).

Petkim spent 3.254 million liras for charity in 2016.

As of Jan. 1, 2017, Petkim’s assets increased by 14.8 percent and amounted to 6.27 billion liras as compared to 2015 (5.46 billion liras).

Net profit of Petkim increased by 14.5 percent and totaled 731.7 billion liras in 2016 as compared to 2015.

Petkim produces plastic packages, fabrics, detergents, and is the sole Turkish manufacturer of such products, a quarter of which is exported.

Petkim shareholders are: SOCAR Turkey Petrokimya A.Ş. – 51 percent, SOCAR Turkey Energy – 1.32 percent and 47.68 percent – in free float.

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