Uralchem posts 290% drop in nine month profit as rouble fall bites
Published: Friday, 28 November 2014
Uralchem hasn’t seen the EBITDA gains realised by other Russian fertiliser companies in the first nine months of 2014, and the fall of the Russian rouble has resulted in a sharp net loss of $388m for January-September 2014.
Russian fertiliser company Uralchem OAO incurred a balance
sheet net loss of Russian rouble (R) 19.2bn ($388.2m*) for the
first nine months of 2014, a 290% year-on-year (y-o-y) drop on
2013’s nine month net profit figure of R 10.1bn