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ZAO Sibur Holding, eastern Europe’s biggest petrochemicals producer, posted a 54 percent increase in earnings on higher output and prices.
Net income surged to 62.8 billion rubles ($2 billion) in 2011, the Moscow-based company said today in a statement.
Revenue increased 32 percent to 248.66 billion rubles, while earnings before interest, taxes, depreciation and amortization climbed by 49 percent to 86.67 billion rubles.
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