Baku, Azerbaijan, May 5
By Orkhan Quluzade – Trend:
Profit of the Turkish petrochemical complex Petkim amounted to 468 million Turkish liras in January-March 2017 that is by 121 percent more than in the same period of 2016, according to a message posted on the website of Turkey’s Public Disclosure Platform (Kamuoyunu Aydinlatma Platformu – KAP).
Petkim’s profit totaled 211 million Turkish liras in the 1Q16.
As of now, the complex’s trade turnover totals 3.58 billion Turkish liras.
As of Jan. 1, 2017, Petkim’s assets reached 6.27 billion Turkish liras, increasing by 14.8 percent as compared to 5.46 billion Turkish liras in 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 AS (51 percent) and SOCAR Turkey Energy AS (1.32 percent), with 47.68 percent in free float.
---
Follow the author on Twitter: @o_quluzade