Home / Knowledge / News / Textiles / Petrochemical company Sibur's Q1'FY14 EBITDA rises 10.1%
Petrochemical company Sibur's Q1'FY14 EBITDA rises 10.1%
11
Jun '14
OAO SIBUR Holding, an integrated gas processing and petrochemicals company, published its operational and financial results for the three months ended 31 March 2014 in accordance with International Financial Reporting Standards (IFRS).
 
Operational highlights
-Associated petroleum gas (APG) processing volumes increased by 3.4% year-on-year
-Raw natural gas liquids (raw NGL) production increased by 7.5% year-on-year
-Natural gas liquids (NGLs) sales volumes increased by 40.5% year-on-year
-An increase in revenue from sales of energy products by 42.4% year-on-year
-An increase in revenue from sales of basic polymers by 48% year-on-year
-A decrease in revenue from sales of synthetic rubbers by 21.3% year-on-year
 
Financial highlights
-Revenue increased by 20.9% year-on-year
-EBITDA increased by 10.1% year-on-year
 
Operational Results
In the first quarter of 2014, SIBUR’s gas processing plants (GPPs) processed 5.04 billion cubic metres of APG(1), an increase of 3.4% year-on-year. As a result, production of natural gas(2) rose by 3.2% year-on-year to 4.4 billion cubic metres. Raw NGL production increased by 7.5% year-on-year to 1.4 million tonnes.
 
SIBUR increased sales volumes of the majority of its energy products primarily due to substantial expansion of trading activities for LPG and naphtha following the launch of Ust-Luga transshipment facility. 
 
External sales of NGLs, including liquefied petroleum gases (LPG), naphtha and raw NGL, rose 40.5% year-on-year to 1.5 million tonnes. Natural gas sales volumes decreased by 17.8% year-on-year to 2.9 billion cubic metres. Sales volumes of petrochemical products totaled 496.4 thousand tonnes, a decrease of 6.2% year-on-year.
 
Click here to view full results.
 

SIBUR


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search