IFRS net profit of OJSC KuibyshevAzot for H1 2014 dropped by 30% to $33 million from $47 million the year before, the company reported.
Revenue went down 8% to $471 million from $512 million, operating profit decreased by 25% to $46 million from $61 million.
OJSC KuibyshevAzot (tax number: 6320005915) is the leading producer of caprolactam in the CIS and Eastern Europe, one of the 10 largest caprolactam produces worldwide. Today, KuibyshevAzot is the leading manufacturer of polyamide-6 in the CIS and Eastern Europe and the only enterprise in the Russian Federation producing cord fabric on the basis of high tenacity yarns.
According to the DataCapital information retrieval system, RAS net profit of KuibyshevAzot for 2013 decreased by 1.3% to RUB 2.577 billion. Revenue decreased by 1.1% to RUB 28.045 billion from RUB 28.35 billion, GP to RUB 6.658 billion from RUB 7.605 billion.