PhosAgro boosts Q1 net profits on higher production

摘要

Russian fertilizer producer PhosAgro increased net profits in its first quarter on a dollar basis to $228 million from $55 million the previous year as production, sales volumes and most prices increased. The company said total fertilizer production increased 8% year-on-year due to efficiency measures, with its phosphates operations recording a 4% increase in sales volumes to 1.3 million mt. Its nitrates division saw a 3% fall in sales volumes to 412,500 mt.