PhosAgro, Moscow, reported that first-half net profit was up 165.2%, to RUB129.05 billion from the year-ago RUB48.7 billion. Revenue was RUB336.5 billion (US$4.4 billion), up from RUB176.3 billion, while adjusted EBITDA was RUB165.3 billion (US$2.2 billion), up from RUB73.9 billion.
Total fertilizer production volumes were up 5.2%, to 5.32 million mt from the year-ago 5.06 million mt, while sales volumes were up 10.2%, to 5.7 million mt from 5.16 million mt.
Phosphate-based production was up 6%, to 4.05 million mt from 3.82 million mt, while sales climbed 15.8% to 4.34 million mt from 3.74 million mt. Nitrogen-based production was up 2.8%, to 1.27 million mt from 1.23 million mt, while sales volumes were off 4.7%, to 1.35 million mt from 1.41 million mt.