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Russian fertilizer producer Uralchem reports lower profits, flat sales

7:06 AM MDT | August 19, 2013 | Natasha Alperowicz

Uralchem (Moscow), one of the largest producers of nitrogen and phosphate fertilizers in Russia, has announced its unaudited financial results for the first 6 months of 2013. Net profit was down 43% to $253 million and profit margin was 44% lower at 20%. Adjusted Ebitda declined 2% to $452 million and adjusted Ebitda margin dropped from 37% in the first 6 months of last year to 35% in the corresponding period of 2013. Revenues were 2% higher at $1.29 billion while operating profit declined 4% to $394 million. The company says the decline in net profit was due to...

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