EuroChem trebled production investments for the first three months 2008

[ 20.06.08 12:00 ]

EuroChem Mineral and Chemical Company, OJSC has published the consolidated results on its activity for 1Q2008 in line with international financial reporting standards (IFRS).

Net sales profit is amounted to RUR 25 712 mln. (which is higher at 64% than the similar rate for 1Q2007).

The amount of investments (capital investments) in production facilities for the first three months 2008 is accounted for RUR 2 725 mln. in comparison with the amount of RUR 912 mln. for the relevant period over the last year.

Operating profit amounts to RUR 10 372 mln. (RUR 3 452 mln. for 1Q2007).

Net profit is accounted to RUR 8 707 mln. (RUR 2 881 mln. for 1Q2007).

Positive dynamics of the EuroChem financial raates is also affirmed by the international rating agency Standard&Poor’s. S&P has recently raised its corporate governance score on EuroChem from “BB-” to “??”, the forecast is stable.

Consolidated financial statements for 1Q2008 are shown at the Company’s website on the following link: http://www.eurochem.ru/eng/files/20080620181335_7382.pdf