Uralchem’s net profits increase by 89% to $600m

By Kasia Patel
Published: Friday, 23 November 2012

Urea and ammonia demand push profits up despite low phosphate market activity

Uralchem OJSC, one of the largest Russian fertiliser producers, saw its net profits increase by 89% to $600m for the first nine months of 2012, up from $318m the previous year, despite a drop in phosphate fertiliser sales.

Operating profit was reported at $553m, an increase of compared with operating...

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