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Uralchem reports lower sales and earnings

1:29 AM MDT | April 24, 2014 | Natasha Alperowicz

Uralchem (Moscow) a leading producer of nitrogen and phosphate fertilizers, reported lower sales and earnings for the whole of 2013 citing difficult market conditions. Net profit was down 61% to 8.2 billion Russian ruble ($229.6 million) on 4% lower revenues of R72.1 billion. Net profit margin was down to 11% compared with 28% in 2012 and adjusted Ebitda was 23% lower at R20.1 billion. Ebitda margin declined from 34% in 2012 to 28% last year.   “2013 proved to be a difficult year for fertilizer manufacturers. The decline in world prices affected the...

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