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People & Business :: Earnings/Finance
Uralkali reports lower revenues, sees pickup in potash demand next year
9:57 AM MST | December 19, 2013 | Natasha Alperowicz
Uralkali (Berezniki, Russia), a leading global producer of potash, today reported a 19% drop in third-quarter revenues, to $856 million, with net revenues down 21%, to $697 million. The domestic potash price dropped from $228/m.t. to $192/m.t., but the export price rose to $272/m.t. from $228/m.t. in the year-earlier quarter. The company produced 2.7 million m.t. of potassium chloride (KCl) during the quarter, 4% up on the third quarter of 2012. Uralkali sold 2.6 million m.t. of KCl during the quarter, including 500,000 m.t. on the domestic and 2.1 million m.t...
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