OREANDA-NEWS. Net profit of Uralkaly (by RAS) in January-September made up +48% versus a similar period of the past year - from 3.39 bn RUR to 5.01 bn RUR. According to Veles Capital with reference to a message by Uralkaly, the company upped the profit in 3Q by 21.2% to 2.1 bn RUR, thanks to an increase of sales volumes, successful pricing policy and control of manufacturing costs. In 1H 2007 Uralkaly increased RAS net profit versus past year’s first half by 45.6% to 2.91 bn RUR. "We see company’s results as quite positive, but remind that the similar period of the past year was disastrous as to financials, when profit dropped by 35% if compared to a previous period of 2005," the experts emphasize. In the middle of October, the company (with Dmitry Ribololvlev as primary shareholder) conducted IPO, offering its shares to Moscow investors and LSE, with 14.4% of equity offered at 1.069 bn USD. According to the offering’s price, capitalization of the company should be estimated at 7.4 bn USD.