Support The Moscow Times!

Uralkali Releases H1 Results

Uralkali said first-half net income was $794 million, including contributions from acquired former rival Silvinit.

Sales in the six months ended June 30 were $1.97 billion, Uralkali said in a statement Thursday.

Uralkali completed the acquisition of Silvinit in May. The combined entity sold 5.3 million tons of potassium chloride, it said.

First-half earnings before interest, tax, depreciation and amortization were $1.05 billion, and the EBITDA margin was 64 percent, assuming a full contribution from Silvinit. Using figures based on trading since the combination, net income was $452 million on sales of $1.26 billion.


Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysiss and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more