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Nizhnekamskneftekhim PAO (NKNC.MM)

NKNC.MM on Moscow Interbank Currency Exchange

55.40RUB
11:14am EDT
Change (% chg)

руб0.80 (+1.47%)
Prev Close
руб54.60
Open
руб55.00
Day's High
руб55.60
Day's Low
руб54.70
Volume
2,900
Avg. Vol
20,225
52-wk High
руб82.60
52-wk Low
руб47.30

Latest Key Developments (Source: Significant Developments)

Nizhnekamskneftekhim Q2 net profit down at RUB 7.36 billion
Monday, 29 Aug 2016 10:25am EDT 

Nizhnekamskneftekhim PJSC : Q2 revenue 41.2 billion roubles ($633.36 million) versus 37.83 billion roubles year ago .Q2 net profit 7.36 billion roubles versus 7.77 billion roubles year ago.  Full Article

ASSEN divests stake in Nizhnekamskneftekhim PAO
Monday, 28 Mar 2016 02:10am EDT 

Nizhnekamskneftekhim PAO:Says ASSEN JSC has divested its 24.99 pct stake in company.  Full Article

Tatneft buys stake in Nizhnekamskneftekhim PAO
Thursday, 17 Mar 2016 08:00pm EDT 

Nizhnekamskneftekhim PAO:Tatneft says acquired 24.9 pct of Nizhnekamskneftekhim shares.  Full Article

Nizhnekamskneftekhim PAO recommends FY 2015 dividend of 4.34 RUB/shr‍​
Wednesday, 16 Mar 2016 02:09am EDT 

Nizhnekamskneftekhim PAO:Says recommends dividend payment for 2015 of 4.34 roubles a share both for ordinary and preferred shares.Dividends could total 7.94 billion roubles.Recommended record date is May 4.  Full Article

Svyazinvestneftekhim decreases stake in Nizhnekamskneftekhim PAO
Monday, 15 Feb 2016 12:48am EST 

Nizhnekamskneftekhim PAO:Says Svyazinvestneftekhim decreases its stake in company to 3.629 pct from 28.629 pct.  Full Article

Nizhnekamskneftekhim PAO expects 2015 net profit of over 20 billion roubles-Interfax
Wednesday, 11 Nov 2015 06:18am EST 

Nizhnekamskneftekhim PAO:Expects net profit in 2015 of over 20 billion roubles and revenue of about 160 billion roubles, general director Azat Bikmurzin said-Interfax.In its planned budget for 2016 Nizhnekamskneftekhim sees revenue of about 162 billion roubles, net profit is planned at 2015 level.  Full Article

S&P affirms Nizhnekamskneftekhim PAO ratings
Monday, 24 Aug 2015 11:30am EDT 

Nizhnekamskneftekhim PAO:Standard & Poor's Ratings Services affirmed its BB- long-term corporate credit rating on Tatarstan-based petrochemicals producer Nizhnekamskneftekhim PAO (NKNK).The outlook is stable.S&P also affirmed ruAA- Russia national scale rating on the company.The affirmation is based on S&P view of NKNK's low adjusted debt, which stood at 8.6 billion roubles (about $0.1 billion) at year-end 2014, down from 9.0 billion-9.1 billion roubles in 2012-2013, and the ratio of adjusted EBITDA to debt comfortably between 0.5x and 1.0x.Additionally, at year-end 2014, NKNK reported a negative net debt position.This improvement prompted S&P to change its of NKNK's financial risk profile to "modest" from "intermediate.".That said, S&P factors into its assessment the historically high volatility of NKNK's cash flows, largely fueled by changes in the price of chemical commodities.  Full Article

Nizhnekamskneftekhim OAO signs five-year contract with Michelin
Saturday, 18 Apr 2015 08:00pm EDT 

Nizhnekamskneftekhim OAO:Says has signed a five-year contract for delivery of synthetic rubber to Michelin.  Full Article

Moody's confirms Nizhnekamskneftekhim OAO ratings at Ba3, outlook stable
Thursday, 16 Apr 2015 05:46am EDT 

Nizhnekamskneftekhim OAO:Moody's has confirmed the Ba3 corporate family rating (CFR) and Ba3-PD probability of default rating (PDR, gives stable outlook.According to Moody's, the stable rating reflects the significant cushion under the company's financial profile within its current rating, with the company's leverage being well below 3.0x debt/EBITDA.  Full Article

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