Mozyr Oil Refinery Halved Profit Taking
4- 17.04.2017, 14:15
- 14,149
The decrease in profit is due to the decrease in the cost of oil products.
The publicly held company Mozyr Oil Refinery recorded a decrease in net profit in 2016 as a result of a decrease in the cost of oil products. The net profit of the company decreased by 53% to 164.68 million rubles, belmarket.by writes.
According to information from the annual report of the enterprise placed on the Unified portal for e-services, in 2016 the oil refinery increased sales revenue by 8% up to 4.5 billion rubles. The production prime cost increased by 16.7% up to 4.13 billion rubles.
The enterprise received a profit from sales of 179.9 million rubles.
According to the information contained in the report, the state owns 42.7568% of the Mozyr Oil Refinery shares.
Naftan’s net profit, on the contrary, increased last year. However, its size is ten times smaller than the one of the Mozyr enterprise.