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# Gap in exchange rates let Acron down

Publication Date: 2020-05-13T07:00:25-04:00
Last Updated: 2020-05-10T13:53:06-04:00

Author: Andrey Viktorov (https://www.fertilizerdaily.com/author/aviktorov/)

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

![Gap in exchange rates let Acron down](https://www.fertilizerdaily.com/wp-content/uploads/2020/05/growth-stalling.jpg)

The loss replaced the profit.

In January-March this year, Acron decreased its revenue by 25% (compared to the same period last year) to 14,920 billion rubles. The net profit from the sales collapsed by 66% to 2,405 billion rubles.

Acron Group announced its net loss of 10,174 billion rubles for the first quarter of 2020. While in January-March 2019 it was a profit of 7,009 billion rubles.

According to Acron press-release “the loss for the reporting period was due to negative exchange rate differences”.

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

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