Uralchem 9M Profit up 89% to $600 Million

MOSCOW, November 16 (RIA Novosti) – Uralchem Holding, which includes Uralchem, one of Russia’s largest producers of fertilizers, posted an IFRS net profit of $600 million for the first nine months of 2012, up 89 percent year-on-year, the company said on Friday.

Revenues for the holding in the first nine moths rose 16 percent to $1.804 billion, with operating profit up 14 percent to $553 million, and EDITDA up 13 percent to $632 million.

Sales for company in the first nine months rose 16 percent to $4.357 million tons.

Uralchem Holding includes OAO Azot, which merged with Uralchem in 2010, the Voskresensk Mineral Fertilizers plant in Moscow Region and the Uralchem-Trans and Uralchem freight businesses.


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