OREANDA-NEWS. April 1, 2008. SIBUR, Russia’s largest petrochemical company, today announces consolidated financial results for the year ended 31 December 2007: 

Revenue increased to a record 142.7billion roubles – an increase of 17%

Net income increased to a record  22.3 billion roubles – an increase of 4.2%

 Billion roubles  2007  2006  Change, %
 Revenue  142.7   121.9  + 17
 Operating profit  28.9 28.2   +2.5
 Net income  22.3  21.4  + 4.2 
 Total equity  86.7   72.5  +19.6

President, Dmitry Konov, commenting said:

“These results again show a strong financial performance building on the successes of the previous year. However, to maintain our growth we will be focused on increasing the efficiency of existing production sites and on the construction of new state of the art facilities in gas processing and polymers”.

The full copy of the report can be accessed through SIBUR’s official web-site (www.sibur.ru/eng/638/1492/1513/index.shtml ).