12:00 - 28.02.2022

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February 28, Fineko/abc.az. Petkim, a subsidiary of Turkey's largest industrial holding SOCAR Turkish, has announced the financial indicators for 2021.

ABC.AZ was informed at the State Oil Company (SOCAR) that Petkim completed 2021 with record profit in both dollars and Turkish liras (TL) and received 5.5 bn TL of net profit.

Last year, Petkim increased its total sales by 137% (against 2020) up to 28.7 bn TL.

As well as in 2020, the company increased the demand for hygiene products, especially packaging materials, in 2021.

"Thanks to the uninterrupted production of the STAR refinery, the utilization rate of Petkim's production potential increased from 87.9% in 2020 up to 92.6% in 2021. Despite the restrictions during the pandemic, we continued to supply, especially for local producers who export to avoid slowing down production operations," the company said.