--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20200505-fes-agro-shows-great-1q2020-financial-results/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # FES-Agro shows great 1Q2020 financial results Publication Date: 2020-05-05T09:00:20-04:00 Last Updated: 2020-05-06T14:07:50-04:00 Author: Andrey Viktorov (https://www.fertilizerdaily.com/author/aviktorov/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![FES-Agro shows great 1Q2020 financial results](https://www.fertilizerdaily.com/wp-content/uploads/2020/05/FES.jpg) The company is on the rise despite the crisis. FES-Agro has published its financial results for the first quarter of 2020. Its revenue increased by 74% to 2.988 billion rubles (approximately $39.7 mln) while the net profit gained by 32% to 123 million rubles ($1,6 mln). “In 2020 we will continue following our strategy responding to the situation our world has faced this year,” said the president of FES-Agro Alexander Mikhailov commenting on company’s financials. “Current economic environment is a challenge for our company, which I’m sure we will address. Our team has accumulated knowledge and experience while overcoming previous crises. They helped us to build a business with a sufficient margin of safety. Therefore, we can confidently carry out all our obligations towards suppliers, clients and employees. A good instance of the company’s stability is revenue growth in the first quarter-end of 2020 compared to the same period last year.” The company reports that senior vice-president of commerce Alexander Yalovoy has decided to leave his duty. The president of FES-Agro Alexander Mikhailov has taken over the management of the commercial department. During the year, the management plans to find a suitable candidate and appoint a new head of the commercial department. Tags: [FES-Agro](https://www.fertilizerdaily.com/tag/fes-agro/), [mineral fertilizers](https://www.fertilizerdaily.com/tag/mineral-fertilizers/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.