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# PhosAgro reports strong financial results

Publication Date: 2022-11-11T15:00:42-05:00
Last Updated: 2022-11-10T22:07:50-05:00

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

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

![PhosAgro reports strong financial results](https://www.fertilizerdaily.com/wp-content/uploads/2022/11/6771939f0626c081797c400593fea3cc.jpg)

It's the result of competent management.

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.

Tags: [mineral fertilizers](https://www.fertilizerdaily.com/tag/mineral-fertilizers/), [PhosAgro](https://www.fertilizerdaily.com/tag/phosagro/)

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