Low phosphate prices slash EuroChem Q3 earnings
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...