Turkish Petkim Increased Its Net Profit by 2.4 Times in Q1
Baku/12.05.17/ Turan: The net profit of the Turkish petrochemical holding Petkim in the first quarter of 2017 compared with the same period in 2016 increased by 2.4 times - up to 359 million Turkish lira (TL), according to the website of the holding.
SOCAR Turkey Energy (the Turkish "daughter" of SOCAR) owns a controlling stake in the petrochemical complex of Turkey Petkim Petrokimya Holding.
The information indicates that the company's gross profit for January-March 2017 was 468 million TL (2.2 times growth), and the sales volume - 1 billion 766 million TL (an increase of 59.2%).
Assets of Petkim in the first quarter of 2017 amounted to 7 billion 292 million TL (an increase of 16.3%).
The utilization ratio of Petkim's production capacities in the first quarter reached 94.7%.
Petkim shares are quoted on the Istanbul Stock Exchange. -0-
-
- Economics
- 13 May 2017 17:45
Energy
-
The technical potential of renewable energy in Azerbaijan is estimated at 135 GW on land and 157 GW at sea, the President of Azerbaijan, Ilham Aliyev, stated at the opening of the COP29 World Leaders Summit on Climate Change in Baku yesterday.
-
President of Azerbaijan Ilham Aliyev, in his speech at the opening of the COP29 World Leaders Summit on Climate Change in Baku, expressed his disagreement with those who still call Azerbaijan an oil state. "Today, this is unjust and reflects a lack of political culture and knowledge," the head of state emphasized.
-
The Group of Twenty (G20) is the largest source of emissions into the atmosphere. This was stated by UN Secretary-General António Guterres at the opening of the COP29 World Leaders Summit on Climate Change in Baku.
-
Azerbaijan has updated its renewable energy target for 2030 to 35.5%. This was announced by Azerbaijan’s Minister of Energy, Parviz Shahbazov, during the ministerial dialogue on "Scaling investments to triple renewable energy capacity and double energy efficiency."
Leave a review