DEAR SHAREHOLDERS AND INVESTORS,
Efficiency, technological effectiveness and safety are the key principles of AZAR Global Group, which serve as the foundation of the Company’s business. As 2016 showed, adhering to this corporate philosophy enables AZAR Global Group to meet its most complex operational challenges while simultaneously adapting to the changing market conditions.
The continued optimal utilisation of the Company’s Medium Sized Plants ensured the maximum possible profitability of oil refining in the current conditions.
The petroleum products market is experiencing difficult times, however the AZAR Global Group retail sales network once again managed to strengthen its positions in 2016. While expanding the sales of LPG, the Company’s filling station network is also improving efficiency through the active development of the cross-selling segment.We have maintained our leading positions on the LAB market. The Company is expanding the range of its high-tech bitumen materials for which demand is increasing with each passing year from the national road construction industry.
One of the most convincing results of our effective work in 2016 was the unprecedented growth in the Company’s net profit. We also had the lowest rate of growth in costs for the year.
The increase in the Company’s value serves as unconditional evidence of AZAR Global Group effectiveness.