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Czech Unipetrol announces financial results for Q3

by ChemOrbis Editorial Team - content@chemorbis.com
  • 23/10/2017 (17:02)
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.
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