Moscow-based Acron Group posted a 55% drop in EBITDA for the first half of 2023, to RUB36.8 billion ($478 million) from the prior year RUB81.4 billion ($1.07 billion), the Russian fertilizer group reported on Aug. 28.
Six-month net profit dropped 74%, to RUB19.0 billion ($248 million) from RUB74.3 billion ($974 million) the previous year. Revenue was 40% lower year-on-year, to RUB87.96 billion ($1.14 billion) from last year’s RUB147.5 billion ($1.9 billion).
Acron reported a 7% increase in its fertilizer output in the six months ending June 30, 2023, to 3.67 million mt, up from 3.43 million mt in the same prior-year period (GM July 21, p. 28).
The group’s total commercial output, which includes apatite concentrate for sale to third parties and industrial products, increased 6% in the first six months, to 4.3 million mt from the year-ago 4.05 million mt. Sales volumes increased 1% year-over-year, to 4.208 million mt.