OREANDA-NEWS. May 17, 2010. Dorogobuzh (member of Acron Group) announced its unaudited RAS results for Q1 2010.

Financial Highlights

• Revenue reached RUB 3,270 million, up 27% year-on-year (Q1 2009: RUB 2,567 million).

• Sales profit was RUB 834 million, 33% more than in Q1 2009 (RUB 629 million).

• EBITDA* increased 31% to RUB 895 million against RUB 681 million in Q1 2009.

• EBITDA margin maintained at 27%.

• Net profit totalled RUB 1,461 million, including a gain of RUB 781 million due to a mark-to-market revaluation of the financial investments. Net profit before the revaluation was 94% or RUB 680 million against RUB 351 million year-on-year.

* EBITDA is calculated as operating profit (sales profit) plus depreciation and amortisation.

Dorogobuzh Output

 

Q1 2010

(’000 t)

Q1 2009

(’000 t)

YOY

Ammonia

142.7 

138.7 

3%

incl. consumption for own needs

141.0 

136.3 

 

Nitrogen fertilisers:

239.6 

257.8 

-7%

incl. consumption for own needs

8.1 

13.1 

 

AN

239.6 

257.8 

-7%

incl. consumption for own needs

8.1 

13.1 

 

Complex fertilisers:

166.2 

127.7 

30%

incl. consumption for own needs

5.5 

7.4 

 

NPK

152.3 

107.2 

42%

incl. consumption for own needs

5.5 

7.4 

 

Dry blends

13.9 

20.5 

-32%

Inorganic compounds:

55.5 

39.6 

40%

Calcium carbonate

50.2 

35.6 

41%

Liquid carbon dioxide

5.3 

4.0 

33%