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# Acron faces significant financial losses in the 9M2020

Publication Date: 2020-11-02T09:00:46-05:00
Last Updated: 2020-11-11T10:33:15-05:00

Author: Dmitry Savinsky (https://www.fertilizerdaily.com/author/dsavinsky/)

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

![Acron faces significant financial losses in the 9M2020](https://www.fertilizerdaily.com/wp-content/uploads/2020/11/11111111111-1024x826-1.jpg)

The profit disappeared without a trace.

According to the financial statement of Acron Group, in January-September this year, the company’s revenue decreased by 6.9% to 48.542 billion rubles (approximately $611.6 million).

Instead of net profit, which the company didn’t receive at all, Acron Group incurred a loss of 5.655 billion rubles (approximately $71.2 million). During the nine months period of 2019, Acron Group’s net profit amounted to 18.934 billion rubles (approximately $238.6 million).

Acron Group managed to increase the production of mineral fertilizers but only by 1% to 4.884 million tons, while the output of nitrogen fertilizers fell by 6.5% to 3.634 million tons.

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

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