Acron’s debt has increased

Acron Group has published its financial statements for the past year in accordance with International Financial Reporting Standards.

According to company’s press release, Acron’s revenue grew 6% to 114.835 billion rubles (more than $ 1.774 billion), net profit went up 86% to 24.786 billion rubles (approximately $ 383 million). The total debt increased by 2% to 86.541 billion rubles ($ 1.398 billion), net – by 2% to 75.185 billion rubles. In dollar equivalent, net debt was up 14% to $ 1.215 billion.

Acron Group’s core output fell by 1% to 7.458 million tons, while sales of the key products rose 4% to 7.569 million tons.

Add Fertilizer Daily to your followed sources to get market news first  

Enjoyed the story?

More than 9 000 of our subscribers get their hands first on hottest fertilizer and agriculture news. Don’t miss it!

Check newsletter online