Low phosphate prices slash EuroChem Q3 earnings

By Yoke Wong
Published: Thursday, 10 November 2016

EuroChem reported lower Q3 earnings as weak phosphate prices offset higher sales volume.

Switzerland-headquartered agrochemical producer EuroChem Group AG’s Q3 earnings nearly halved year-on-year (y-o-y) as lower agrimimeral prices outweighed higher phosphate sales volumes, the company said on 10 November.  

"Under pressure from the sustained lower market prices, Q3 earnings before interest, taxes, depreciation, and amortisation (EBITDA) retreated 47% y-o-y to...

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