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# Acron’s debt has increased

Publication Date: 2020-03-24T21:04:13-04:00
Last Updated: 2020-03-24T11:07:35-04:00

Author: Elena Shalashnik (https://www.fertilizerdaily.com/author/shea2707/)

Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/)

![Acron’s debt has increased](https://www.fertilizerdaily.com/wp-content/uploads/2020/03/acron-debt-.jpg)

The financial statements showed a lot of interesting things.

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.

Tags: [Acron](https://www.fertilizerdaily.com/tag/acron/), [Acron Group](https://www.fertilizerdaily.com/tag/acron-group/)

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