PhosAgro reported net profit of $893 million on revenue of $2.8 billion for the year ending Dec. 31, 2016, up from 2015’s $589 million and $3.1 billion, respectively. However, EBITDA was off at $1.08 billion from $1.35 billion.
Phosphate-based products saw a 10 percent increase in sales volumes to 5.92 million mt, up from 5.4 million mt, while Nitrogen was up 2 percent to 1.4 million mt from 1.36 million mt.