--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20201123-togliattiazot-faces-almost-7-million-of-net-loss/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Togliattiazot faces almost $7 million of net loss Publication Date: 23.11.2020, 12:00 The financial results are disappointing. During the January-September period of this year, the revenue of the Togliattiazot plant (Samara region) fell by 8% to 37.751 billion rubles (approximately $495.7 million). Net profit the company didn’t see at all, however, it incurred a loss of 528.727 million rubles (approx. $6.9 million) instead. In the same period of 2019, Togliattiazot gained a net profit of 3.828 billion rubles (about $50 million). According to the financial statements of the enterprise, the long-term obligations of Togliattiazot amounted to 14.273 billion rubles (approx. $187.4 million), short-term 9.816 billion rubles (approx. $128.9 million). Togliattiazot produces nitrogen fertilizers. It includes seven ammonia production units and two units for the production of carbamide and the third one is currently under construction. In the first half time of 2020, Togliattiazot produced 1.515 million tons of ammonia and almost 493 thousand tons of carbamide. --- **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.