![]() ![]() The operating profit decline from the comparative period was mainly as expected but, due to discontinuation of Russian business operations, softening demand in animal health market and inventory level adjustments among some of our customers, the full year operating profit is expected to be slightly higher than in 2022 – not slightly higher or higher as we estimated earlier. "In January-June 2023, our net sales increased by 2.4% to EUR 567.5 million and our operating profit decreased by 33.5% to EUR 102.0 million. The year has progressed mostly in line with our expectations despite slight headwinds with certain markets and timing of deliveries Return on capital employed (before taxes), % Interest-bearing net liabilities, EUR millionĬash flow from operating activities per share, EUR Research and development expenses, EUR millionĬapital expenditure, excluding acquired in business combination, EUR millionĪcquired in business combination, net of cash, EUR million The full detailed outlook can be found in the "Outlook for 2023" section of this report. Previously operating profit was estimated to be slightly higher or higher than in 2022 without the EUR 208 million net impact from the ODM-208 upfront payment and without the possible transfer of the insurance portfolio of Orion Pension Fund’s B fund. Operating profit is estimated to be slightly higher than in 2022 without the EUR 208 net impact from the ODM-208 upfront payment and without the possible transfer of the insurance portfolio of Orion Pension Fund’s B fund (operating profit in 2022 without the net impact of the ODM-208 upfront payment was EUR 232 million). The outlook for 2023 has been specified regarding operating profit.Cash flow from operating activities per share was EUR 0.27 (0.59).Basic earnings per share were EUR 0.57 (0.88).Return on equity after taxes (ROE) was 19.1% (33.0%).Return on capital employed before taxes (ROCE) was 20.0% (33.7%).Profit before taxes was EUR 100.9 (155.2) million.Operating profit was EUR 102.0 (153.4) million.The complete report is attached to this stock exchange release and is available at This is a summary or Orion’s Half-Year Financial Report 1–6/2022. Modern Slavery and Human Trafficking Statement.Archived from the original on 28 June 2020. ^ "IPCL merger with RIL from April 1".| Department of Investment and Public Asset Management | Ministry of Finance | Government of India". ![]() ^ "Preliminary Information Memorandum (PIM) for Bidders - INDIAN PETROCHEMICALS CORP.LTD.^ "Ministry of Environment Forest and Climate Change Government of India" (PDF).Reliance Hazira Manufacturing Division (HMD).Reliance Vadodara Manufacturing Division (VMD).In 2007 IPCL merged with RIL and this plant comes under the ownership of RIL. The commissioning of the plant was implemented in two phases, first in 1996 and went on full stream in the year 2000, at that time IPCL was the owner of the plant. The manufactory consists integrated utilities system which includes raw water, cooling water, demineralized water, fire water, compressed air, nitrogen, steam/ condensate and a coal based captive co-generation power plant of capacity 270 MW. ![]() The raw material like Propane is either imported or availed from RIL refinery at Jamnagar. It comprises a Gas cracker which cracks Ethane, Propane and produces Ethylene and Propylene as a product and the same is used as a raw material in downstream plants.
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