PhosAgro swings to $598 million net profit in 2015

摘要

Russian fertilizer producer PhosAgro posted net profits of RUB 36.4 billion ($598 million) in the full year 2015 from a net loss of RUB 13.4 billion ($349 million) in 2014, according to company statement. PhosAgro's revenues during the year increased by 54 to RUB 189.7 billion from RUB 123.1 billion, but on dollar basis revenue declined to $3.1 billion from $3.2 billion, largely due to the depreciation of the ruble against dollar.