PhosAgro 9M net profit soars by 403%

By James Sean Dickson
Published: Wednesday, 18 November 2015

The internationally weak Russian rouble has again led to a bumper result for PhosAgro, which houses most of its cost base within the Federation. The fertiliser producer noted that its markets were weak, but said that the foreign exchange shifts should to continue offset this.

Russian fertiliser group PhosAgro OAO saw its 9M 2015 net income rise by 403% year-on-year (y-o-y) to Russian rouble (R) 31.6bn ($488m*), reflecting similar gains in EBITDA** and EBITDA margins, which rose by 14 percentage points to 44% for the period.

The company’s sales volumes for phosphate-based products rose by...

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