27 Mar 2015 11:09

Nizhnekamskneftekhim boosts IFRS net profit 52% in 2014 to 9.4 bln rubles

MOSCOW. March 27 (Interfax) - OJSC Nizhnekamskneftekhim boosted net profit under International Financial Reporting Standards (IFRS) 52% in 2014 to 9.4 billion rubles, the company said in a report.

Revenue advanced 9% to 137 billion rubles, while gross profit was 27.066 billion rubles, practically the same as in 2013.

Loss from exchange rate differences grew 170% to 457 million rubles, while pretax profits plummeted 31% to 12 billion rubles.

The company's noncurrent liabilities grew 5% to 4.957 billion rubles, while current liabilities fell 9% to 16.8 billion rubles.