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PhosAgro to boost Capex by 6% in 2023, CEO says

It is reported that the company continues paying dividends along with production investments

KIROVSK, February 2. /TASS/. PhosAgro will increase its investment program by 6% to almost 67 bln rubles ($956 mln) in 2023, CEO of the Russian fertilizer producer Mikhail Rybnikov told reporters.

"During the next five years, PhosAgro is going to allocate over 250 bln rubles ($3.6 bln) for investments, including almost 67 bln [rubles] in 2023 - 6% more than record high capital investments of the last year," Rybnikov said.

The company continues paying dividends along with production investments, the top manager added.