Turkey's Petkim: record best net profit in 1H17, up 74%
- Company's EBITDA rises by 110 percent in 1H17 from first half of 2016rnrn

Petkim, Turkey's petrochemical raw material manufacturer, experienced the best half year financial results of its history, with a 74 percent rise in its net profit to 655 million Turkish liras in the first half of 2017, Petkim announced on Friday.

Petkim's earnings before interest taxes depreciation and amortization (ebitda) reached 906 million liras, up 110 percent from the first half of 2016.

Net sales totaled 3.6 billion liras, up from 2.3 billion liras during the same period.

The manufacturer raised its capacity utilization rate to 96 percent, the company said.

US$1 equals 3.54 Turkish liras, according to Turkey's Central Bank data.

By Zeynep Beyza Kilic

Anadolu Agency


11 Aug,2017