UralChem ups 2012 IFRS net profits 50% to $665 mln
MOSCOW. March 11 (Interfax) - Uralchem Holding Plc., the holding company for the UralChem company group, increased net profits to International Financial Reporting Standards (IFRS) 50% last year to $664.9 million a company statement says.
Company sales revenues increased 16% to $2.423 billion, gross profits 15% to $1.399 billion, and operating profits 11% to $734 million.
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 12% to $839 million. The 2012 EBITDA margin was 35% of revenues versus 36% in 2011.
The group's net debt stood at $830 million on last December 31, down from $931 million at the end of 2011.
UralChem sales volume grew 18% in 2012 to 5.796 tonnes. Urea sales increased 2.3-fold to 1.188 million tonnes and ammonia sales 50% to 673,000 tonnes. Ammonium sulphate and phosphoric fertilizer sales contracted 6% to a respective 2.043 million and 508,000 tonnes. Compound fertilizer sales rose 1% to 587,000 tonnes.
The UralChem Holding includes the Azot branch in Berezniki, Perm-based Mineral Fertilizers , KCCW MFP in Kirovo-Chepetsk and OJSC Voskresenskiye Mineral Fertilizers. The group's companies have the capacity to produce more than 2.5 million tonnes of ammonium nitrate, 2.8 million tonnes of ammonia, 0.8 million tonnes of mono- and diammonium phosphate, 0.8 million tonnes of compound fertilizers, and 1.2 million tonnes of urea per year.