Sibur Holding has announced condensed operating performance results for the nine-month period ending on September 30, 2016, SIBUR reported on November 21, 2016.

In the nine-month period from January to September 2016, the company increased its revenue from the sale of fuel and crude products by 3.3 percent year-on-year to RUB138.8 billion (USD2.29 billion). Revenues from the sale of liquid hydrocarbons increased by 3.1 percent year-on-year to RUB86.9 billion (USD1.43 bil-lion), primarily due to a 12.8-percent increase in foreign sales.

Sales revenue grew by 10.4 percent year-on-year to RUB34.5 billion (USD570 million).

The entity’s total debt was RUB366.1 billion (USD6.04 billion), which is a number that did not reflect any change relative to the figure registered on June 30, 2016. Open short-term and long-term credit facilities denominated in Russian roubles, U.S. dollars, and euros totaled a combined amount of RUB234.4 billion (USD3.87 billion).

The SIBUR holding is the largest Russian manufacturer of petrochemical goods, such as rubber, tires, polymers, and liquefied gases. SIBUR’s controlling shareholder is Leonid Mikhelson.

Adjusted IFRS net profits of Sibur Holding for 2015 decreased by 9.9 percent to RUB62.4 billion (USD1.03 billion). Revenues increased by 5.2 percent to RUB380 billion (USD6.27 billion). The EBITDA increased by 32 percent to RUB135.6 billion (USD2.24 billion).

Adjusted IFRS profits of SIBUR Holding for the first half of 2016 decreased by 14.7 percent to RUB29 billion (USD480 million). Revenues increased by 8.1 percent to RUB196.1 billion (USD3.23 billion).