The net profit of PhosAgro for the reporting period also decreased by 21% and amounted to 44.4 billion RUB.
Sales volume of phosphate fertilisers increased by 9.2% to 1.53 million tonnes, nitrogen fertilizers – by 7.1%, to 460,5 thousand tons, Apatite concentrate – by 8.7%, to 687 thousand tons.
The General Director of "FosAgro" Andrey Guriev, commenting on the results, said that the company felt a strong impact of the sharp appreciation of the ruble that offset the recent recovery in prices.
About the company:
PhosAgro is a Russian vertically integrated company, one of the world's leading producers of phosphate fertilizers. The main activity is the production of phosphate-based fertilisers, high-grade (P2O5 content of 39% or more) of phosphate raw materials – Apatite concentrate, and also feed phosphates, nitrogen fertilizers and ammonia.
Translated by service "Yandex.Translation"
