Baku, Azerbaijan, March 7
By Maksim Tsurkov - Trend:
The assets of the Turkish petrochemical complex Petkim rose by 44.2 percent in 2015 compared to 2014 and stood at 5.46 billion Turkish liras, Petkim said on its website March 7.
Petkim's net profit was 639.2 million liras in 2015, having increased by 14 percent compared to 2014.
"The company's turnover was 4.53 billion liras in 2015," said Petkim.
Earlier, the authorized capital of Petkim was increased to 1.5 billion liras.
Azerbaijan's state oil company SOCAR holds 51.39 percent of the shares in Petkim.
Some 40.93 percent of the shares in Petkim are owned by other shareholders, while the US investment bank Goldman Sachs holds 7.68 percent of the shares.
Petkim produces plastic packages, fabrics, detergents, and is the sole Turkish manufacturer of such products, a quarter of which is exported.
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