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Uralchem posted a 750 percent year on year increase

June 22/2011

(RIA Novosti) -- Russian fertilizer maker Uralchem posted a 750 percent year on year increase in its January-March 2011 net profit to USD 61 million to IFRS, the company said on Wednesday. The company's first quarter revenue increased 74 percent to USD 566 million, the company said in a statement.


Uralchems operating profit rose 310 percent to USD 160 million, while adjusted EBITDA increased 180 percent to USD 186 million. The company's net debt amounted to USD 1.227 billion as of March 31, 2011.


Uralchem's export sales almost doubled in the first quarter of 2011 to USD 411 million, with exports accounting for over 75 percent of total sales.


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