Metafrax group of companies resumed results for the 1st half year of 2019

Revenue of Metafrax group of companies for the last 6 months of 2019 made up more than 29.6 billion rubles and this value is higher than for the similar period in 2018 by 3.6. billion rubles, or by 14%.

Investment amount in basic assets and not completed construction of the group made up 10.9 billion rubles, increasing results of the similar period in 2018 in 5 times.

The main investment subject of Metafrax group of companies is still the construction of Ammonia-urea-melamine complex in Gubakha, capital investments for the last 6 months of 2019 made up more than 9 billion rubles.

According to Chairman of the Board Armen Garslyan, the revenue increase in the 1st half year is due to favourable conditions in domestic and foreign markets and increase in the volume of production and sales. The capacity utilization of Metafrax group industrial companies in the 1st half year was close to the maximum.