OCI N.V. (Amsterdam), a producer of fertilizers and industrial chemicals, today reported a 4.0 rise in adjusted net income to $47.0 million in the first half of 2017. Adjusted EBITDA was 8.3 higher at $315.7 million with revenues rising 4.5 to $1.03 billion. Adjusted EBITDA margin advanced from 29.7 in the first half of last year to 30.8 in the first six months of 2017. Production volumes were high during the quarter, "despite some unplanned shutdowns in the second quarter,” said Nassef Sawiris, CEO. He expects all OCI N.V.’s operations to reach normalized run-rates in the fourth quarter of this year.
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