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Dorogobuzh Announces IFRS Consolidated Results for H1 2008

JSC Dorogobuzh (a part of Acron Group) today Announces its Unaudited Results the Six Months Ended June 30, 2008.

1H Highlights:

Financials

  • Revenue reached RUB 5,622 million, up 57 per cent year-on-year against RUB 3,589 million;
  • EBITDA* grew 196% to RUB 2,502 million, against RUB 844 million in H1 2007;
  • EBITDA margin surged to 45%, against 24% in H1 2007;
  • Net profit for the period amounted to RUB 2,091 – up 279% from RUB 551 million in H1 2007.

*EBITDA is calculated as operating profit plus depreciation and amortisation.

Supplies

Product H1 2007 1,000 t H1 2008 1,000 t YOY (%)
Straight nitrogen fertilisers 330 362 10%
   Ammonia 7
   Ammonium nitrate 323 362 12%
Multi-nutrient fertilisers 368 225 -39%
   NPK 287 214 -25%
   Bulk blends 80 11 -87%
Inorganic synthesis production 101 104 3%
   Industrial grade ammonium nitrate 22 38 71%
   Food-grade carbon dioxide 17 16 -8%
   Calcium carbonate 62 51 -18%

Download Financial Statements