URALCHEM Holding P.L.C. (hereinafter URALCHEM Holding or the Organization), a Cypriot holding organization of the URALCHEM Assemble (hereinafter the Gathering), one of the biggest makers of nitrogen and phosphate manures in Russia, today declared its reviewed IFRS money related outcomes under for the 12 months of 2010.
Key monetary figures for 2009-2010 ($ million)
12 months 2010 12 months 2009 Year-on-year change, %
Revenue 1 389.1 949.1 46.4%
Net profit 662.7 374.9 76.8%
Net benefit margin 47.7% 39.5% 8.2%
Working benefit/(loss) 205.2 (5.6) -3764.3%
Working benefit/(misfortune) margin 14.8% -0.6% 15.4%
Net benefit (net loss) 29.6 (97) -130.5%
Net benefit margin 2.1% -10.2% 12.4%
Balanced EBITDA 309.2 110.5 179.8%
Balanced EBITDA margin 22.3% 11.6% 10.6%
Money created from/(utilized as a part of) working activities 134.9 (70.5) -291.3%
Dmitry Konyaev, Chief of URALCHEM, OJSC (some portion of URALCHEM Gathering), remarked on the consequences of operations in 2010: "Strong comes about have been accomplished through access to a one of a kind asset base and a solid modern and coordinations foundation, an adjusted lineup of essential and premium items, a critical share of the Russian residential market and global conveyance to more than 50 nations around the world. Because of the expanded action in the phosphorus showcase, ideal asset utilize, enhanced structure and plans of offers, we could essentially enhance EBITDA which is the key pointer in assessing the viability of the company".
Saying Bakov, CFO of URALCHEM, OJSC said: "The budgetary execution of URALCHEM in the reporting time frame was greatly affected by economic situations. Fantastic outcomes were accomplished because of the reclamation of the phosphate manure advertise, developing interest from Russian and Western buyers, and in addition adaptability of creation at the Organization’s endeavors. The market started its enduring development towards pre-emergency figures in the most recent 9 months of 2010, together with an expansion in normal world costs for smelling salts by 47.3%, ammonium nitrate by 31.5%, DAP by 40.1% and urea – by 3.9% contrasted and a similar time of 2009."
Income for the 12 months of 2010 developed to US $ 1389.1 million, contrasted with US $ 949.1 million for the 12 months of 2009. Working benefit added up to US $ 205.2 million, or 14.7% of the income, contrasted and the loss of US $ 5.6 million for the 12 months of 2009.
Amid the reporting time frame net benefit added up to US $ 29.6 million contrasted with the net loss of US $ 97 million amid the 12 months of 2009.
Amid 12 months of 2010 balanced EBITDA contacted US $ 309.2 million, contrasted with US $ 110.5 million for a similar period a year ago. Balanced EBITDA edge for 12 months of 2010 included 22.3% of income contrasted and 11.6% of income for the 12 months of 2009.
URALCHEM is one of the biggest Russian exporters of nitrogen, phosphate and NPK manures, giving up to 14% of its aggregate fare supplies from Russia.
Amid the 12 months of 2010 the volume of fare deals contacted US $ 891.4 million, contrasted and the volume of fare offers of US $ 632.8 million for the 12 months of 2009.
The volume of household deals inside the 12 months of 2010 contacted US $ 316.0 million, contrasted and the volume of residential offers of US $ 200.0 million for the 12 months of 2009.
Deals and Generation
The generation volume of all Gathering organizations for 12 months in 2010 expanded by 10.3% contrasted with a similar period in 2009, adding up to an aggregate of 4.861 million tons. Smelling salts generation expanded by 23.8%, and phosphate manures by 635.5%. Astounding outcomes were accomplished because of great economic situations, developing interest from Russian and remote purchasers.
Offers of business results of URALCHEM in 2009-2010 (a great many tons)
Name of product 2010 2009 Year-on year change, %
Ammonium nitrate and its derivatives 2 513 152 2 482 887 1.2%
Urea 447 650 529 250 -15.4%
NPK fertilizers 588 578 586 049 0.4%
Phosphate fertilizers 545 218 74 132 635.5%
Ammonia 515 947 416 861 23.8%
Different chemicals, including ammonium nitrate for mechanical use 250 745 317 203 -21%
Total 4 861 290 4 406 382 10.3%
Dmitry Konyaev, President of URALCHEM, OJSC remarked on the offers of business items in 2010: "As an aftereffect of a year ago’s operations, the gathering of organizations URALCHEM positions first among Russian makers as far as generation of ammonium nitrate and its subsidiaries and holds second place regarding creation of alkali and nitrogen manures. We plan to expand the yearly yield, and by 2015 aggregate generation is set to achieve 5.6 million tons."
Money related circumstance
Money produced from working exercises (before duty and enthusiasm) for the 12 months of 2010 added up to US $ 134.9 million.
On 31 December 2010 net obligation added up to US $ 1307.9 million. The weighted normal financing cost in the advance portfolio for the 12 months of 2010 added up to 9.07% contrasted with 9.66% in a similar time of 2009.
Amid the primary portion of 2011 the Organization arrangements to decrease the net obligation by no less than 10%.
URALCHEM is one of the biggest makers of nitrogen and phosphate composts in Russia and the CIS with generation limits of more than 2.5 million tons of ammonium nitrate, 2.2 million tons of alkali, 0.8 million tons of Guide and DAP, 0.8 million tons of complex manures and 0.5 million tons of urea. URALCHEM is the second biggest ammonium nitrate maker on the planet and number one in Russia. URALCHEM’s key creation resources incorporate Kirovo-Chepetsk Compound Works, OJSC in Kirovo-Chepetsk, Kirov area; Azot, OJSC in Berezniki, Perm locale; Voskresensk Mineral Composts, OJSC in Voskresensk, Moscow district.