Petkim's net profit hit 48.6 mln liras
By Aynur Jafarova
The net profit of Petkim Petrochemical Holding, in which Azerbaijan's state energy company SOCAR owns equity shares, amounted to 48.6 million Turkish liras in January - September 2013.
The holding's total sale volume amounted to about 2.97 billion Turkish liras in January- September compared to 3.41 billion liras in the same period in 20123, Petkim reported on December 25.
The prime cost of goods sold by the holding exceeded 2.75 billion Turkish liras compared to over 3.36 billion Turkish liras in January-September 2012.
The total sale volume during the period amounted to 1.2 million tons of petrochemical products.
The official exchange rate is 2.0812 TL/USD on December 26.
Petkim Petrokimya Holding manufactures plastic packages, fabrics, PVC, detergents, and is the only Turkish producer of such products. A quarter of Petkim's products are exported to foreign markets.
SOCAR is one of the world's most well-established oil companies, active in Turkey since May 30, 2008.
SOCAR Turkey Enerji aims to reduce dependence on foreign goods and exports in Turkey by providing high value-added products made inside the country.
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