Turkey’s Petkim expands 17% in 2014
by ChemOrbis Editorial Team - content@chemorbis.com
According to a press release on the company’s website, Turkey’s Petkim’s expanded by 17% to TRY3.790 billion ($1.451 billion) in 2014. The company’s turnover was reported at TRY4.130 billion ($1.580 billion) while earnings before interest, taxes, depreciation and amortization (EBITDA) reached TRY111.4 million ($43 million) in the last year.
Net income was reported at TRY8.7 million ($3.326 million) while the company’s total external sales reached $563.5 million in 2014.
The company stated that volatile prices in global markets negatively affected margins throughout the sector, but that they were able to maintain their turnover even after a scheduled maintenance lasting 120 days. The company’s gross production capacity reportedly increased 13% after the completion of some new investments.
Net income was reported at TRY8.7 million ($3.326 million) while the company’s total external sales reached $563.5 million in 2014.
The company stated that volatile prices in global markets negatively affected margins throughout the sector, but that they were able to maintain their turnover even after a scheduled maintenance lasting 120 days. The company’s gross production capacity reportedly increased 13% after the completion of some new investments.
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