OCI NV reported net income from continuing operations attributable to shareholders of $167.9 million on revenue of $1.91 billion for the year ending Dec. 31, 2016, up from a prior year loss of $246.1 million on revenues of $2.19 billion. However, adjusted EBITDA was down at $466.5 million from the prior year’s $736.2 million.
Total fertilizer volumes sold from the company’s own production was up 18.4 percent to 4.81 million mt from 2015’s 4.07 million mt. Traded tons were off 1.9 percent to 2.03 million mt from 2.07 million mt.
The company said its Iowa Fertilizer Co. nitrogen plant in Iowa is in the final stages of start-up with the first product expected imminently.