Uralkali Q3 net revenue up as market demand stabilises
Published: Thursday, 18 December 2014
While Uralkali has posted 3% growth in its net earnings for Q3 2014, the next set of earnings will be more significant, as they will enlighten investors and market observers as to the effects of the current Solikamsk-2 potash mine suspension. The company maintains that the accident will not prevent the full year production target being met.
Russia-based potash producer Uralkali
OAO’s Q3 2014 net revenues have risen by 3%
year-on-year (y-o-y) to $715m, in a quarter defined by relative
stability compared to Q3 2013, which followed the Belarusian
Potash Co. (BPC) split, driven by solid
demand in key markets, particularly Brazil.
"We are pleased to report...