Comparing to 2017, income growth made 26 % or 11,6 billion rubles.
“The high financial and economic result is primarily justified by increase in the marketable products sales and favorable pricing environment in the local and international markets. As well as the growth of foreign sales, which also had an impact to the final indicators. Income from sales of products manufactured by PJSC "Metafrax" amounted to about 50% of the Group's consolidated income. - said Armen Garslyan, Metafrax Board of Directors Chairman. We are optimistic about 2019, according to the current year results, we expect the income to remain at the 2018 level”.
The Group scope of investments to fixed assets and construction in progress amounted to 13 billion rubles, exceeding the same 2017 value by more than 2.5 times.
In 2018 the core capital investments area was Ammonia-Urea-Melamine Complex construction; more than 10 billion rubles were spent on the project. “The official start of the AUM Complex project is a landmark event in 2018. Today the project is in the active stage. First, in the middle of summer it is necessary to complete construction of the administrative building. It is necessary to begin installation work in the Central control room and commission MSDS-3 ”commented Vladimir Daut, Metafrax Director General.
Other core capital investment areas in 2018: more than 375 million rubles were invested into construction of residential houses in Gubakha (2 houses were commissioned in November 2018, 4 houses are under construction); 275 million rubles were invested in the technical re-equipment of the tank car handling point; 181 million rubles were invested in the reconstruction of water supply and sanitation system; 160 million rubles were aimed to the technical re-equipment of the pentaerythritol crystallization unit.