Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

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

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.