Fertilizer producer’s net profit “Uralkali» according to RAS for the first nine months of 2023 amounted to 2.5 billion rubles, which is 98.2% less than for the same period in 2022. This should from the company’s reporting under RAS.
Uralkali’s revenue for nine months decreased by 26% to 177.8 billion rubles, gross profit – by 42.12% to 129.6 billion rubles, profit from sales – by 17.8% to 98.4 billion rubles . Profit before tax fell to RUB 6.5 billion. compared to RUB 171.25 billion. for the first nine months of 2022, Uralkali’s total debt amounted to 579 billion rubles.
At the end of September the company spent payment on syndicated debt (PXF). To do this, the corporation used funds blocked in collateral accounts in the amount of more than 9.3 billion rubles.
“Uralkali» is one of the world’s leading producers and exporters of potassium chloride. It is part of the main assets of the Uralchem company.
Previously Uralchem stated about plans to supply almost 300,000 tons of fertilizers to African countries. According to the Russian Association of Fertilizer Manufacturers (RAPU), in 2022, Uralchem exported 258,000 tons to Africa, “Uralkali“(owned by Uralchem) – 58,000 tons, ToAZ (also owned by Uralchem) – 55,000 tons.
In April, the company reported that the Uralchem-Uralkali group sent a humanitarian batch of fertilizers of 34,000 tons from Riga to Kenya free of charge.