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Uralkali’s revenue declines by 25% over nine months

December 19, 2013, 14:59 UTC+3 MOSCOW

Uralkali accounts for around 20% of the global potash production

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© ITAR-TASS/UralKali Press Service

MOSCOW, December 19. /ITAR-TASS/. Russia’s Uralkali, one of the world’s biggest potassium chloride, has reduced its revenue by 25% to $2.47 billion in January-September as against the same period of last year in compliance with the International Financial Reporting Standards.

The company’s sales revenue with the deduction of expenses for freight, shipment and railway tariffs declined by 26.8% to $2 billion.

Uralkali’s total sales shrank by 9.2% to 6.9 million tonnes.

Uralkali accounts for around 20% of the global potash production. The company’s production assets include five potash mines and seven enriching factories allocated in Berezniki and Solikams, the Perm Territory, near the Urals mountains.

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