Today Dorogobuzh (a company in the Acron Group) announced its unaudited RAS results the 9 Months of 2009.
Financial Highlights
- Revenue totalled RUB 7.674 billion, down 8% year-on-year (9 months 2008: RUB 8.38 billion).
- Operating profit was RUB 2.005 billion, down 47% from RUB 3.777 billion in 9 months 2008.
- EBITDA* shrank 44% year-on-year to RUB 2.164 billion (9 months 2008: RUB 3.875 billion).
- EBITDA margin was 28%, down from 46% in 9 months 2008.
- Net profit totalled RUB 3.292 billion, including a gain of RUB 1.829 billion due to a mark-to-market revaluation of Dorogobuzh’s financial investments. Net profit before revaluation was down 55% year-on-year to RUB 1.463 billion, against RUB 3.234 billion in 9 months 2008.
*EBITDA is calculated as operating profit plus depreciation and amortization.
Dorogobuzh Output
| 9 months 2009 (’000 tonnes) | 9 months 2008 (’000 tonnes) | YOY | |
|---|---|---|---|
| Ammonia | 419.9 | 286.6 | 47% |
| incl. consumption for own needs | 411.4 | 287.8 | |
| Nitrogen fertilisers–ammonium nitrate | 716.8 | 439.1 | 63% |
| incl. consumption for own needs | 21.8 | 12.4 | |
| Complex fertilisers,incl.: | 451.7 | 334.4 | 35% |
| incl. consumption for own needs | 12.4 | 8.3 | |
| NPK | 416.8 | 313.7 | 33% |
| incl. consumption for own needs | 12.4 | 8.3 | |
| Dry blends | 34.9 | 20.7 | 69% |
| Inorganic compounds,ncl.: |
157.4
|
179.9 | -13% |
| Low-density and technical grade ammonium nitrate | 0.0 | 56.1 | |
| Calcium carbonate | 137.5 | 103.4 | 33% |
| Liquid carbon dioxide | 19.9 | 0.3 | -2% |