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Uralchem reports lower earnings and revenues

10:48 AM MDT | June 2, 2014 | Natasha Alperowicz

Uralchem (Moscow), a leading fertilizer producer, reports a 21% decline in first-quarter operating profit, to 5.27 billion Russian rubles ($150.9 million), on 7% lower sales, R19.4 billion. The company reports a net loss of R8.90 billion compared with a net profit of R4.84 billion in the first quarter of 2013. Adjusted Ebitda was 18% lower, at R6.20 billion, and operating profit margin was down from 32% in the first quarter of 2013 to 27% in the corresponding period of this year.   The company says that, against declining global fertilizer prices in the...

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