Arab Today, arab today russia\s uralchem jansept net profit skyrockets 2392 to 289 mln
Last Updated : GMT 12:02:44
Arab Today, arab today
Arab Today, arab today

Russia\'s Uralchem Jan-Sept net profit skyrockets 2,392% to $289 mln

Arab Today, arab today

Arab Today, arab today Russia\'s Uralchem Jan-Sept net profit skyrockets 2,392% to $289 mln

Moscow - Ria Novosti

Russian fertilizer maker Uralchem saw its January-September 2011 net profit skyrocket 2,392 percent, year-on-year, to $289 million to IFRS, the company said in a statement on Thursday. The company\'s revenue rose 59 percent in the first nine months of 2011 to $1.556 billion, while its gross profit jumped 103 percent to $899 million year-on-year. \"Preliminary data suggest that 2011 will be a very successful year for our company. Both stable demand for fertilizers in Russia and abroad and favorable price conditions have allowed us to increase sales and show strong financial results in the first nine months of 2011,\" Uralchem CEO Dmitry Konyayev was quoted in the statement as saying. Adjusted Earnings before Interest, Taxation, Depreciation, Amortization (EBITDA) soared 173 percent to $560 million, while the adjusted EBITDA margin grew to 36 percent from 21 percent. Uralchem\'s net debt amounted to $1.129 billion as of September 30, 2011, while the company\'s net debt/EBITDA ratio stood at 1.7. The fertilizer maker plans to reduce its net debt to $1 billion by the end of 2011, which will lead to a net debt/EBITDA ratio decrease to 1.5.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia\s uralchem jansept net profit skyrockets 2392 to 289 mln Arab Today, arab today russia\s uralchem jansept net profit skyrockets 2392 to 289 mln

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia\s uralchem jansept net profit skyrockets 2392 to 289 mln Arab Today, arab today russia\s uralchem jansept net profit skyrockets 2392 to 289 mln

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday