The revenue of the Fergana Oil Refinery increased by 55% over the past 9 months. This information is stated in the company's financial report, which Spot has reviewed (available to the editorial team).
Since the beginning of the year, sales of oil refining products have brought the plant 1.83 trillion sums, with a cost price of 998.15 billion sums (+48.8%). The gross profit amounted to 831.91 billion sums, which is 63.3% higher than last year's figures.
The increase in administrative and operational expenses was only 6.6% — since the beginning of the year, they totaled 301.5 billion sums. As a result, the profit from core operations increased 2.2 times to 545.85 billion sums.
The Fergana Oil Refinery's gains from currency exchange rate differences amounted to only 130.75 billion sums, dropping by more than five times. At the same time, losses caused by currency fluctuations decreased by a quarter, totaling 35.15 billion sums.
However, compared to last year, the company's interest payments have noticeably increased, amounting to 461.6 billion sums. Consequently, the plant's profit before tax fell nearly fourfold to 184.04 billion sums.
The net profit of the Fergana Oil Refinery over the nine months reached 164.3 billion sums (-73.5%). The company paid taxes amounting to 19.7 billion sums.
The company's assets increased to 6.49 trillion sums (+16.7%), primarily due to a threefold rise in accounts receivable from customers. Meanwhile, due to new advances and accounts payable, liabilities increased by 17.5% to 5.17 trillion sums.
Previously, Spot reported that Saneg and Air Products had agreed to transfer one of the units to the Fergana Oil Refinery to boost hydrogen production.