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Uralkali first-half net profit hits USD 794 mln

September 22/2011

(RIA Novosti) -- Russian leading potash producer Uralkali, which merged with Silvinit fertilizer producer this year, posted a net profit of USD 794 million to IFRS for the first half of 2011. The first half 2011 net profit results reflect Uralkali's and Silvinit's consolidated financial performance since January 1 this year, the company said in a statement.


The merged company's revenues totaled USD 1.973 billion in January-June 2011 and adjusted EBITDA stood at USD 1.054 billion, with the EBITDA margin of 64 percent, the firm said. The merged company's potassium chloride sales amounted to 5.217 million tons in the period, the firm said.


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