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PhosAgro reports IFRS net profit growth to $2.7 bln in 9M 2022 — company

The fertilizer output had an uptick by 6.7% over nine months of this year to 8.1 mln metric tons

MOSCOW, November 3. /TASS/. Net profits of PhosAgro under the International Financial Reporting Standards (IFRS) soared by 1.9 times year-on-year in January - September 2022 to 165.5 bln rubles ($2.7 bln), the Russian fertilizer producer reports on Thursday.

EBITDA of PhosAgro gained 53% to 199.4 bln rubles ($3.2 bln). Revenues of the company surged by 57% to 459.4 bln rubles ($7.4 bln). EBITDA margin totaled 48.4%.

The fertilizer output had an uptick by 6.7% over nine months of this year to 8.1 mln metric tons. Mineral fertilizer sales moved upward by 6.8% year-on-year in the reporting period to more than 8.3 mln metric tons.