Petkim, Turkey's petrochemical raw
material manufacturer experienced one of the best quarterly financial
results of its history with a 169 percent rise in its net profit to 372
million Turkish liras in the third quarter of 2017, Petkim announced on
Friday.
The company's earnings before
interest, taxes, depreciation and amortization also increased by 145
percent to 424 million Turkish liras during the same period, compared to
the last year's third quarter.
Petkim
made net sales of 1.8 billion liras, compared to 969 million liras
during the same quarter last year. The utilization capacity rate of the
company was 96 percent.
US$1 equals 3.86 Turkish liras, according to Turkey's Central Bank data.
(Anadolu Agency)