Support The Moscow Times!

Uralkali Releases H1 Results

Uralkali said first-half net income was $794 million, including contributions from acquired former rival Silvinit.

Sales in the six months ended June 30 were $1.97 billion, Uralkali said in a statement Thursday.

Uralkali completed the acquisition of Silvinit in May. The combined entity sold 5.3 million tons of potassium chloride, it said.

First-half earnings before interest, tax, depreciation and amortization were $1.05 billion, and the EBITDA margin was 64 percent, assuming a full contribution from Silvinit. Using figures based on trading since the combination, net income was $452 million on sales of $1.26 billion.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.