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PhosAgro results benefit from strong global fertilizer demand

8:51 AM MDT | August 21, 2014 | Natasha Alperowicz

PhosAgro (Moscow), a fertilizer major, today reported net profit increased 70% in the first six months of the year, to 8.1 billion Russian rubles ($231 million), on 6% higher sales of R56.7 billion. Ebitda was 17% higher, at R16.2 billion, and Ebitda margin advanced from 26% in the first half of 2013 to 29% in the corresponding period of this year. Operating profit in the second quarter was R5.6 billion, 29% up on the year-earlier quarter on sales 10% higher, to R27.3 billion.   PhosAgro’s revenue and sales volumes benefited from its strategy of...

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