Uralchem posts 290% drop in nine month profit as rouble fall bites

By James Sean Dickson
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 ($204.2m)....

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