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Fertilizer Markets and Finance

On this blog I make posts about what's new in the fertilizer industry and how it's markets are affected by geopolitical developments, environmental changes and monetary policies. This blog also focuses on developments in major fertilizer companies such as Potash Corp, Mosaic, Agrium, Uralkali and BPC. Thanks for viewing.

Jonathan Mohan

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UralChem First-Quarter Profit Doubles As Fertilizer Output Grows →

UralChem Holding Plc, a Russian fertilizer maker, said first-quarter profit doubled as its acquisition of OAO Perm Mineral Fertilizers boosted output.

Net income rose to $352 million from $173 million a year earlier, UralChem said in a report posted yesterday on its website. Sales climbed 19 percent to $673 million.

The company agreed to buy Perm Mineral Fertilizers in December, acquiring a 51 percent stake from Sibur Group in a bid to increase urea and ammonia production amid rising prices.

Net debt was $1.08 billion as of March 31, UralChem said.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net