PhosAgro reports strong financial results
In the January-September period of this year, PhosAgro increased its revenue by 57% to 459.4 billion rubles (almost $7.5 billion) and net profit by 88.4% to 165.5 billion rubles (about $2.7 billion). At the same time, its net debt decreased by 77.9% to 33.815 billion rubles (almost $550 million).
The output of PhosAgro mineral fertilizers increased by 6.7% to almost 8.060 million tons, of which phosphorus (together with feed phosphates) by 7% to 6.184 million tons, nitrogen – by 5.9% to 1.875 million tons.
“PhosAgro showed strong results, both financial and operational, which became possible due to the effective management of its activities, a competent approach to the implementation of investment projects, and a balanced marketing policy,” commented the information and analytical service of Fertilizer Daily.