Support The Moscow Times!
Contribute today

Fertilizer Producer Posts Profits Down 20%

By The Moscow Times

Akron, one of Russia's largest mineral fertilizer producers, reported an IFRS net profit of 5.236 billion rubles ($158.6 million) in January to June 2013, down 20 percent from the same period last year, the company said Tuesday.

The company's net profit was above the consensus forecast by analysts polled by the Prime news agency who expected the company's net financial result for the first six months to be 4.51 billion rubles.

Akron said its revenues in the reporting period fell three percent to 34.251 billion rubles ($1 billion).

Earnings before interest, taxation, depreciation and amortization (EBITDA) dropped 11 percent in the first half of this year to 8.818 billion rubles.

(RIA Novosti)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more

fresh supplies

U.S. Rushes Ammo, Key Military Supplies to Ukraine

The bill's passage comes after months of delay that saw Ukrainian forces run short of ammunition and suffer battlefield setbacks.
3 Min read
News Analysis

What Next for Chechnya After Kadyrov Reported Seriously Ill? Experts Weigh In

Analysts were divided on the reported succession plan for Kadyrov — and whether the region would be plunged into turmoil following his death.
4 Min read
'tipped off'

Kyiv Says Orthodox Cleric Gave Moscow Ukraine Army Positions

The SBU said Metropolitan Arseniy was suspected of "disseminating information about the movement or location of armed forces" — a crime punishable by...
1 Min read
competing powers

Defense Official’s Bribery Arrest Signals Shoigu’s Waning Influence in the Kremlin

The high-profile arrest reflects the struggle for resources and influence within Russia's elite as Putin’s new term begins.
3 Min read