Synthos' net profit nearly half lower than market prediction

Synthos had a PLN 58 million net profit in Q2, compared to PLN 154.5 million in Q2 2015, the company reported. The results were worse by 41 percent than market predictions. Synthos recorded  PLN 2.123 billion in revenues in H1. As the reports states, the downfall was caused by rising prices of oil and petroleum products, as well as rubber which had an impact on profit margins. China's slower growth is also listed as a braking process. Synthos Group is one of the largest manufacturers of raw chemical materials in Poland. The company is the first European manufacturer of emulsion rubber and a leading manufacturer of polystyrene for foaming applications.