PhosAgro CEO says 1H20 production volumes to rise by 6% y/y

Published by Nicholas Woodroof, Editor
World Fertilizer, Friday, 26 June 2020 16:30

PhosAgro CEO, Andrey Guryev, has said that he expects PhosAgro's 1H20 production output to rise by 6% y/y.

The forecast was made by Guryev during a round table discussion hosted by the Rossiya-24 television news channel about the impact of the Covid-19 pandemic on Russian industry and measures taken by Russian companies to protect workers while maintaining operations.

In 1Q20, the company's sales of phosphate-based fertilizers grew by 8.2% y/y to 2.08 million t.

Read the article online at: https://www.worldfertilizer.com/phosphates/26062020/phosagro-ceo-says-1h20-production-volumes-to-rise-by-6-yy/

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The company’s financial results show that first-quarter EBITDA was US$435 million compared to US$487 million in the first quarter of 2023.

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