PhosAgro’s profit under IFRS in the first quarter of 2023 decreased by 35% – Kommersant
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IFRS net profit of fertilizer producer PhosAgro in the first quarter of 2023 decreased by 35% to RUB 28 billion. Adjusted net profit decreased by 42.8% to RUB 33.9 billion, follows from report PhosAgro.
Earnings before taxes, interest, depreciation and amortization (EBITDA) fell by 36.8% to RUB 55.4 billion. Adjusted EBITDA – by 43.7%, to RUB 48.98 billion. Free cash flow increased by 29% to RUB 43.4 billion.
The company’s revenue decreased by 36% year-on-year to RUB 116.2 billion. The amount of net debt is 142.4 billion rubles. The production of mineral fertilizers and other products of the chemical complex exceeded 2.8 million tons.
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