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Nizhnekamskneftekhim

August 26, 2011

The board of directors has reviewed results of financial and economic activity in the first half-year 2011

regular meeting of the Board of Directors of OAO Nizhnekamskneftekhimtook place on the 25th of August, 2011 under chairmanship of A.Shigabutdinov, the general director of PSC "IF", chairman of the Board of Directors of OAO Nizhnekamskneftekhim.

The industrial production index has reached 107.2 % according to the results of financial and economic activity of the company in the first six months of the current year. The proceeds from realization of commodity output have increased, in comparison with the 1-st half-year 2010, more than by one third and have reached almost 60 billion Rbls. About half of sold goods were shipped for export. The 6 months financial result of the last year is 2-fold. Average number of staff at OAO Nizhnekamskneftekhim- 17 136 persons. Wages of one worker 28.2 thousand Rbls / month.

OAO Nizhnekamskneftekhimmake payments to budgets of all levelsin full and in due time. For an accounting period, 2.5 billion Rbls were transferred to the consolidated budget of the Republic of Tatarstan.

The Board of Directors has taken into account results of financial and economic activity, the plan of development and financing of capital investments of OAO Nizhnekamskneftekhimon 6 months results of the current year and has noted positive results of the executive management work of the company, exceeding the target ofthe plan and significant improvement of job performance standards.

Members of the Board of Directors have taken into account the process performance feedback of the business-plan of the Strategic development program of OAO Nizhnekamskneftekhimfor the period 2011-2020.

The Board of Directors has taken into account sales information, feed stock supply decisions and has noted positive dynamics of sales.

 

 

 

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