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PhosAgro reported 2Q17 EBITDA of RUB 12.2 billion, down 25% year on year, with a 27% margin. Revenue fell 3% to RUB 44.7 billion, while phosphate-based sales volumes rose 13%.
First-half EBITDA was RUB 24.9 billion.
The results show Russian phosphate producers still selling strong volumes despite lower margins, which keeps supply ample and caps phosphate price gains. The effect on feed-relevant commodity prices is limited.
prnewswire.co.ukEM Advisors LtdAug 24, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
