Acron Q1 net profit jumps 120% to 3.8 bln rbls

Acron, one of Russia’s largest mineral fertilizer producers, saw first quarter 2011 net profits jump 120 percent year-on-year to 3.81 billion rubles ($136.70 million) to IFRS, boosted by high fertilizer prices and a strong ruble, the company said on Monday. “Revenue was up 21 percent due to strong global mineral fertilizer prices. Revenue outpaced costs, […]