uralkali firsthalf net profit hits 794 mln
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Uralkali first-half net profit hits $794 mln

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Arab Today, arab today Uralkali first-half net profit hits $794 mln

Moscow - Ria Novosti

Russian leading potash producer Uralkali, which merged with Silvinit fertilizer producer this year, posted a net profit of $794 million to IFRS for the first half of 2011. The first half 201I net profit results reflect Uralkali's and Silvinit's consolidated financial performance since January 1 this year, the company said in a statement. The merged company's revenues totaled $1.973 billion in January-June 2011 and adjusted EBITDA stood at $1.054 billion, with the EBITDA margin of 64 percent, the firm said. The merged company's potassium chloride sales amounted to 5.217 million tons in the period, the firm said.

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