OREANDA-NEWS. September 10, 2010. The Board of Directors of Uralkali (Berezniki, Perm Territory) has approved the Consolidated Condensed Interim Financial Information for the six months ended 30 June 2010, prepared under International Accounting Standards, rule №34, "Interim Financial Reporting". The results are as follows:

IFRS Financial Results

1H 2010

1H 2009

1H 2010 vs. 1H 2009 change

Revenue

27.4 billion rubles

13.9 billion rubles

+97%

Net Revenue1

21.0 billion rubles

12.6 billion rubles

+68%

Adjusted EBITDA2

12.7 billion rubles

7.4 billion rubles

+71%

Adjusted EBITDA Margin3

60%

59%

 

Net Profit

8.4 billion rubles

4.5 billion rubles

+89%

Potassium Chloride Output

2.4 million tones

1.1 million tones

+113%

CAPEX

6.1 billion rubles

6.0 billion rubles

+2%

Consolidated Condensed Interim Financial Information for the six months ended June 30, 2010 is now available on the company’s corporate website, www.uralkali.com These financial statements have been reviewed by ZAO PricewaterhouseCoopers Audit.

Notes:

1. Net Sales represent adjusted sales (sales net of freight, railway tariff and transshipment costs);

2. EBITDA is calculated as profit before income tax plus finance expense, minus finance income and plus depreciation and amortization;

3. EBITDA margin is calculated as EBITDA divided by Net Sales.