EuroChem posts QI net profit of RUB 4.8 bln
EuroChem has reported IFRS consolidated revenues for the first three months of 2013 of RUB 46.7bn (US$ 1.5bn), which represented a 30% increase on the RUB 35.8bn obtained in the first three months of 2012. For the first quarter of the year, earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased 9% year-on-year to RUB 12.4bn (US$ 406m). Net profit for the period decreased to RUB 4.8bn (US$ 158m) largely from a non-cash loss on translation of the Group’s mainly USD-denominated debt brought on by the depreciation of the Russian rouble against the U.S. dollar.
EuroChem has reported consolidated revenues for the first three months of 2013 of RUB 46.7bn (US$ 1.5bn), which represented a 30% increase on the RUB 35.8bn obtained in the first three months of 2012.
EuroChem is Russia’s largest mineral fertilizer producer and ranks among the top three European and top ten global producers of fertilizer. It is the only Russian company to consolidate producing, processing and logistic companies as well as distribution network in different regions worldwide.