Petkim Increased Its Sales in the Last 9 Months

Petkim Increased Its Sales in the Last 9 Months The net profit of Petkim, a subsidiary of SOCAR Turkey, was TRY 3,909 million in the 9 months of the year. According to the written statement made by the company, despite the negative conditions in the petrochemical markets, Petkim increased its sales and reduced its debts with its performance in the said period. Petkim's total sales in this period reached TRY 19,165 million. The 9-month net profit of the company was TRY 3,909 million in total. Petkim had a net profit of TRY 446 million in the same period of last year. In the said period, Petkim's equity increased by 50 percent compared to the end of 2020, while its total indebtedness decreased by USD 261 million. In a period when supply constraints were experienced along with the increase in demand for petrochemical products, Petkim continued its production uninterruptedly with the integration of STAR Refinery. In this period, when product diversity and uninterrupted production were reflected in total sales, capacity utilization rose from 89.5 percent to 92.2 percent.