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Uralchem reports major drop in sales and earnings in first six months

10:32 AM MDT | September 2, 2014 | Natasha Alperowicz

Uralchem (Moscow), one of the largest nitrogen fertilizer producers in Russia, today reported a major drop in earnings and revenues for the first six months of this year. Adjusted Ebitda reached 11.6 billion Russian rubles ($309.2 million), 17% down on the year-earlier period, on 9% lower revenue of R36.5 billion. Adjusted Ebitda margin for the first six months of 2014 was 32% compared with 35% in the same period of 2013. Operating profit was down 21% at R9.70 billion and net profit dropped to R1.23 billion from R8.02 billion in the first half of 2013. Operating...

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