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Acron's 2023 net profit under IFRS plummets 2.5 times to $389 mln — company

EBITDA for 2023 decreased by 2 times, to $744 mln

MOSCOW, March 29. /TASS/. Net profit of Acron under international financial reporting standards (IFRS) plummeted 2.5 times in 2023 compared to 2022 and amounted to 35.9 billion rubles ($389 mln), the Russian fertilizer producer reported.

Revenue over the past year decreased by 1.4 times compared to 2022, to 179.5 billion rubles ($1.9 bln).

EBITDA for 2023 decreased by 2 times, to 68.7 billion rubles ($744 mln).

About company

The Acron Group is one of the world's largest producers of mineral fertilizers. It includes producers of fertilizers and organic synthesis products Acron and Dorogobuzh. The group owns two plants for the production of mineral fertilizers and a mining and processing plant in Russia with a total production capacity of over 8 million tons of final products.

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