Uralkali first-half net profit hits $794 mln
Moscow - Ria Novosti
Russian leading potash producer Uralkali, which merged with Silvinit fertilizer producer this year, posted a net profit of $794 million to IFRS for the first half of 2011. The first half 201I net profit results reflect Uralkali\'s and Silvinit\'s consolidated financial performance since January 1 this year, the company said in a statement. The merged company\'s revenues totaled $1.973 billion in January-June 2011 and adjusted EBITDA stood at $1.054 billion, with the EBITDA margin of 64 percent, the firm said. The merged company\'s potassium chloride sales amounted to 5.217 million tons in the period, the firm said.
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