Rouble depreciation helps PhosAgro grow EBITDA by 186%
Published: Monday, 01 June 2015
The Russian agriminerals producer has benefitted from the weakening rouble and an improved pricing environment for Q1 2015, as it saw strong demand for its fertiliser products from Europe, India, China and Latin America.
PhosAgro has reported a 71% increase in
revenues to Russian rouble (R) 50.2bn ($808m*) for the first
quarter of 2015, helped by a strong phosphate pricing
environment, denominated in US dollars, as well as falling
fertiliser production costs in Russian roubles.
EBITDA** increased by 186% to R 24.6bn ($395m),...