Metafrax summed up the results of the company’s work in the first half of 2015

JSC "Metafrax" summed up the results of the company’s work from January to June 2015. During this period Metafrax produced 9 bln 227 mln RUB worth of product, which is 2,243 mln or 32.1% more than last year.

Operating revenue from product sales amounted at 8 bln 550 mln RUB, which is 2001 mln RUB or 30.6% higher than the corresponding result of last year. Exports share was 37.1%, against 42.2% in the I half of 2014.

Social package of the company amounted at 87 mln RUB.

In the I half of 2015 methanol production reached 538 KT, which is 5 KT (or 1%) more than in the I half of 2014. UFC production decreased by 5.9 KT (or 6%), amounting to 89.8 KT. Production of formalin increased by 12.5 KT, or 7%, reaching up to six months 181.3 KT. Hexamine production was 14.8 KT (180 tons, or + 1%), micronized hexamine was 165 tons. Production of pentaerythritol - 12.0 KT (+ 9%), micronized pentaerythritol - 712 tons. Block polyamide production amounted at 350 tons (- 3 tons, or - 1%).

Amount of investment for the I half of 2015 was 1 bln 69 mln RUB. It is higher by 3 times than in the same period in 2014.

According to preliminary data net profit earned by the company in the I half of 2015 amounted at 3.0 bln RUB, which is 1.3 bln RUB or 71% more than in 2014.

Armen Garslyan, the chairman of the Board of Directors observes on the results of JSC "Metafrax":
- The growth is connected with increase of production and sales, as well as with favorable Russian methanol and its derivatives market situation. During this period, the company’s product slate has been expanded by speciality chemicals - micronized hexamine and pentaerythritol.

Today "Metafrax" is actively preparing for the implementation of major investment projects. That’s why our efforts are aimed at improving key financial and performance indicators of the company.