Czech Unipetrol announces financial results for Q3
by ChemOrbis Editorial Team - content@chemorbis.com
The Czech Republic’s Unipetrol announced its financial results for the third quarter of 2017 in a company statement.
The company recorded a net profit of CZK1.5 billion ($69 million) during the quarter, up 111% from CZK722 million ($33 million) in the same period of last year. The immense growth was mainly attributed to the recently restarted 544,000 ton/year steam cracker located in Litvinov, Czech Republic.
Unipetrol’s revenues also increased by %34 on a yearly basis to CZK31 billion ($1.42 billion) in the July-September period while the company’s EBITDA (earnings before interest taxes depreciation and amortization) was up by 77% to reach CZK3.4 billion ($156 million).
Looking at the operational highlights in the company’s financial results report, Unipetrol’s sales volumes of petrochemical products surged by 113% to 525,000 ton/year in while sales volumes of refinery products also grew by 12% to 1.8 million tons year on year.
The sales of monomers were reported at 100,000 tons thanks to the restored operations, with the cracker currently running at 85% capacity. PE sales were up by 196% to 74,000 tons in Q3 while PP sales were up more considerably by 234% to 72,000 tons in the same period.
The company recorded a net profit of CZK1.5 billion ($69 million) during the quarter, up 111% from CZK722 million ($33 million) in the same period of last year. The immense growth was mainly attributed to the recently restarted 544,000 ton/year steam cracker located in Litvinov, Czech Republic.
Unipetrol’s revenues also increased by %34 on a yearly basis to CZK31 billion ($1.42 billion) in the July-September period while the company’s EBITDA (earnings before interest taxes depreciation and amortization) was up by 77% to reach CZK3.4 billion ($156 million).
Looking at the operational highlights in the company’s financial results report, Unipetrol’s sales volumes of petrochemical products surged by 113% to 525,000 ton/year in while sales volumes of refinery products also grew by 12% to 1.8 million tons year on year.
The sales of monomers were reported at 100,000 tons thanks to the restored operations, with the cracker currently running at 85% capacity. PE sales were up by 196% to 74,000 tons in Q3 while PP sales were up more considerably by 234% to 72,000 tons in the same period.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Tight supplies keep Asian PVC markets bullish
- Crude oil market sentiment turns in favour of bulls
- Will European PVC take a breather from 9-month downtrend in February?
- Supply limitations bolster Feb PP and PE outlook in Turkey
- China’s import PP markets climb to 6-month highs prior to Lunar New Year
- Weak activities press import PE, PP suppliers for discounts in Egypt
- Price erosion continues inside Middle Eastern polyolefins markets
- European PP, PE markets open 2023 with renewed drops
- Tight supply keeps expectations bullish in Turkey’s PVC market
- End of China’s ‘zero-COVID’ stance: Double-edged sword for Asia PVC, PP and PE markets
