09:35 GMT +320 July 2018
Listen Live
    Business

    Major Russian Fertilizer Firm Half-Year Profits Fall 20%

    Business
    Get short URL
    0 13

    Akron, one of Russia's largest mineral fertilizer producers, reported an IFRS net profit of 5.236 billion rubles ($158.6 million) in January-June 2013, down 20 percent from the same period last year, the company said Tuesday.

    MOSCOW, August 20 (RIA Novosti) - Akron, one of Russia's largest mineral fertilizer producers, reported an IFRS net profit of 5.236 billion rubles ($158.6 million) in January-June 2013, down 20 percent from the same period last year, the company said Tuesday.

    The company’s net profit was above the consensus forecast by analysts polled by the Prime news agency who expected the company’s net financial result for the first six months to be 4.51 billion rubles.

    Akron said its revenues in the reporting period fell three percent to 34.251 billion rubles ($1 billion).

    Earnings before interest, taxation, depreciation and amortization (EBITDA) dropped 11 percent in the first half of this year to 8.818 billion rubles.

     

    Tags:
    IFRS, Akron
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment