Acron publishes 9M19 financial results

Published by Nicholas Woodroof, Editor
World Fertilizer, Thursday, 31 October 2019 10:00

Acron has released its non-consolidated RAS financial statements for the first nine months of 2019 (9M19).

Revenue was up 12% y/y to RUB 52 159 million (9M18: RUB46 654 million).
Sales profit was up 10% y/y to RUB 15 353 million (9M18: RUB13 910 million).
EBITDA* was up 10% y/y to RUB 19 397 million (9M18: RUB17 595 million).
EBITDA margin was 37.2%, against 37.7% for 9M18.
Net profit was RUB18 934 million against RUB1697 million in 9M18. Financial results of this and the previous reporting periods affected by significant exchange difference.

EBITDA is calculated as sales profit plus depreciation and amortisation.

Read the article online at: https://www.worldfertilizer.com/nitrogen/31102019/acron-publishes-9m19-financial-results/

Switch Bioworks raises funds for new technology

Tuesday 10 September 2024 11:00

Switch Bioworks has raised US$17 million in Series Seed financing to bring new biological fertilizer technology to the field.