Nizhnekamskneftekhim posts 200% profit growth for 2015

In the year 2015, Nizhnekamskneftekhim PJSC generated a RAS net profit of RUB 26.483 billion, marking a 190% increase over 2014, according to the company's financial statements. The company's revenue grew by 13.3 % to RUB 150.597 billion. 

According to the annotation to the statements, export sales revenue increased by 15.1% to RUB 72.4 billion. Domestic market sales grew by 11.7% to RUB 78.2 billion. Cost of goods sold increased by 2.1 % to RUB 112.1 billion, gross revenue, by 70% to RUB 38.5 billion. Sales profit doubled, reaching RUB 27.3 billion, pretax profit increased by 190% to RUB 33.6 billion. 

The firm's receivables increased by 42.2% to RUB 13.2 billion, debts remained at the 2014 level of RUB 10.1 billion. By the end of the year the company had no long-term loan debt and had decreased its short-term debt by 64% from the start of the year, bringing it to RUB 1.7 billion.

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