Uralkali Q1 revenue drops 6% as potash demand remains low in key markets

By Kasia Patel
Published: Tuesday, 30 June 2015

Weak consumption of potash globally and lingering issues with the company’s flooded Solikamsk-2 mine have resulted in lower revenue, production and sales volumes for the Russian miner, despite higher y-o-y potash selling prices.

Russian fertiliser company Uralkali OAO has reported a 6% drop in net revenue year-on-year (y-o-y) to $612m for the first quarter of 2015, as low demand and currency fluctuations adversely affected the company’s financial performance.

In its unaudited key figures for the period ended 31 March 2015, the company also...

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