Uralkali Announces 1H 2009 Financial Results
OREANDA-NEWS. September 16, 2009. The Board of Directors of Uralkali (
Key Highlights:
- Revenues were 13.87 billion roubles
- Net Sales (1) were 12.55 billion roubles
- EBITDA (2) was 7.41 billion roubles
- EBITDA margin (3) was 59%
- Net profit was 4.5 billion roubles
- Potash sales volume was 900 thousand tonnes
- Production of potassium chloride was 1135 thousand tonnes
Over the period potash sales volumes have remained lower as buyers continued to operate conservatively in the aftermath of the global economic downturn. However, we expect long-term supply contracts with key potash buyers worldwide to help raise capacity utilisation and improve productive output. Uralkali remains committed to operating with a long-term view. With our low cost production model and a firm focus on generating value, the company is well positioned to effectively increase production on the recovery of demand in the global potash market.
Комментарии