Investegate |OJSC PhosAgro Announcements | OJSC PhosAgro: PhosAgro Reports 1Q 2021 Financial Results: EBITDA Increases 65% Year-on-Year to Over RUB 34 Billion
EBITDA Increases 65% Year-on-Year to Over RUB 34 Billion Moscow - PhosAgro ("PhosAgro" or "the Company") (Moscow Exchange, LSE: PHOR), one of the world's leading vertically integrated phosphate-based fertilizer producers, today announces its consolidated IFRS financial results for the first quarter (1Q) of 2021. Revenue for 1Q 2021 increased by 36.7% year-on-year to RUB 87.6 billion (USD 1.2 billion), driven by to improvements in the pricing environment, higher sales volumes and changes in exchange rates. EBITDA increased by 65.4% year-on-year to RUB 34.3 billion (USD 461 million...
Source: investegate.co.uk