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Acron Group Reports Increased Net Profits and Sales

4:42 AM MDT | June 27, 2012 | Sotirios Frantzanas

Acron Group (Velikii Novgorod, Russia), says net profits and sales increased 34% and 33% in the first quarter of 2012, to $169 million and $609 million, respectively. Operating profits before depreciation and amortization increased 7% year on year, to $162 million, the company says. Acron's results for the first quarter of 2012 exceeded expectations, the company says. "A new growing cycle quickly superseded the price adjustment we saw on fertilizer markets in late 2011 and early 2012," says Alexander Popov, chairman of the board of Acron. The...

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