29 Apr 2014 17:50

Metafrax ups net profit to IFRS 70% in 2013

PERM. April 29 (Interfax) - Russian chemicals group Metafrax boosted net profit to International Financial Reporting Standards (IFRS) 70% year-on-year in 2013 to 3.14 billion rubles, the company's consolidated report shows.

Revenue grew 50% to 23.29 billion rubles.

Metafrax planned to obtain net profit of 2.7 billion rubles and revenue of 19 billion rubles in 2013.

Costs grew 50% to 15.69 billion rubles, operating profit increased 50% to 3.54 billion rubles and pretax profit increased 60% to 3.74 billion rubles.

Long-term obligations doubled to 3.34 billion rubles and short-term obligations rose 50% to 3.22 billion rubles.