According to Reuters, Phosagro – the Russian fertilizer producer – has announced that it experienced a 63% fall in 4Q17 net profit to 4.3 billion roubles (US$75 million).
According to Reuters, Phosagro has stated that its overall fertilizer production in 3Q17 is up 19% y/y to 2.1 million t.
With diammonium phosphate import duties lifted in Argentina, PhosAgro is considering increasing its sales of fertilizers to the country.
PhosAgro’s Andrey Guryev has shared a report about the results of his four years as CEO of the company.
The members of the Board of Directors of PJSC PhosAgro have confirmed Andrey Guryev as Chairman of the Management Board and CEO of the company.
PhosAgro, shareholders of JSC PhosAgro-Cherepovets and JSC Apatit have approved the re-organisation of the companies.
A general meeting of PhosAgro shareholders has concluded that the number of people on the company’s board of directors will rise from eight to 10.