OREANDA-NEWS. On 24 March 2009 was OJSC EuroChem MCC presented a summary of its consolidated results for the year ended 31 December 2008, according to International Financial Reporting Standards.

- Revenues of 112,2 bln rubles (52% increase over the year 2007)

- EBITDA of 43,7 bln rubles (98% increase over the year 2007)

- Net profit of 27,9 bln rubles (72% increase over the year 2007)

In 2008 Standard&Poor’s and Fitch Ratings upgraded OJSC EuroChem Mineral and Chemical Company senior unsecured debt rating and Long-term Issuer Default rating to 'BB' from 'BB-' (BB minus).

In October 2008  the Company attracted syndicated loan in the amount of USD  1,500 mln. at the interest rate  of 1 month Libor + 1.8 %.

The consolidated financial statements for the year ended 31 December 2008 on the basis of IFRS in the section Financial statements on this web-site.