Uralkali’s net profit for January-September 2023 decreased by 98%

Uralkali's net profit for January-September 2023 decreased by 98%

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Uralkali’s net profit under RAS for the first nine months of 2023 amounted to 2.5 billion rubles, which is 98.15% less than in the same period last year. This follows from the company’s new financial report, which was published on website corporate information disclosure center.

Uralkali’s revenue for nine months decreased to 177.8 billion rubles. (-21%), gross profit – up to 129.6 billion rubles. (-30%), sales profit – up to 98.4 billion rubles. (-40%). Profit before tax fell to RUB 6.5 billion. compared to RUB 171.25 billion. for the first nine months of 2022. The total debt of Uralkali amounted to 579 billion rubles.

September 28 Uralkali extinguished debt in the amount of 9.3 billion rubles. The company made payments on syndicated debt (PXF) using funds blocked in collateral accounts.

Petr Buzlaev

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