04.05.2007, 07:49
EuroChem Releases IFRS Financial Statements for 2006
OREANDA-NEWS. On May 02, 2007 EuroChem has released its consolidated IFRS financial statements for the year 2006, reported the press-centre of EuroChem.
The company has reported net sales of $1,964 m (2005: $1,891 m).
Other highlights include:
Earnings before depreciation, amortization, financial expenses and income tax (EBITDA) - $505 m (2005: $580 m)
Net profit - $257 m (2005: $330 m).
Profit reduction in 2006 was due to higher gas and energy tariffs, fuel price growth, and rise in wages.
In February 2007 Fitch and Standard&Poor’s rating agencies assigned EuroChem a "ВВ-" rating, while in March the company successfully completed $300 m Eurobond placement.
EuroChem IFRS financial statements 2006 are available at the corporate web site at http://www.eurochem.ru/files/20070427151055_7382.pdf
The company has reported net sales of $1,964 m (2005: $1,891 m).
Other highlights include:
Earnings before depreciation, amortization, financial expenses and income tax (EBITDA) - $505 m (2005: $580 m)
Net profit - $257 m (2005: $330 m).
Profit reduction in 2006 was due to higher gas and energy tariffs, fuel price growth, and rise in wages.
In February 2007 Fitch and Standard&Poor’s rating agencies assigned EuroChem a "ВВ-" rating, while in March the company successfully completed $300 m Eurobond placement.
EuroChem IFRS financial statements 2006 are available at the corporate web site at http://www.eurochem.ru/files/20070427151055_7382.pdf
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