Uralkali’s net profit under IFRS fell nine times in 2023 – Kommersant
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The net profit of PJSC Uralkali (part of the Uralchem group) at the end of 2023 fell nine times and amounted to 11.6 billion rubles, compared to 105.3 billion rubles. in 2022. The company’s revenue for this period increased by 10% and amounted to 367.5 billion rubles, according to the IFRS report (.pdf).
Gross profit decreased by almost a quarter, to 146.3 billion rubles, operating profit – to 111.1 billion rubles. (-23%). In 2023, the company allocated RUB 58.7 billion to repay debt on syndicated pre-export loans (PFX).
The total debt of Uralkali at the end of last year amounted to 577.2 billion rubles. In total, the company’s accounts at the end of 2023 contained 59.6 billion rubles, of which 20.2 billion rubles. blocked or limited in use due to sanctions.
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