JSC Uralkali (“Uralkali”) today publicly released its financial results for 6 months ended June 30, 2007 (the “condensed interim financial information”), prepared under IFRS. The condensed interim financial information was extracted from the unaudited consolidated interim financial statements of Uralkali prepared in accordance with IAS 34 “Interim Financial Reporting” for the relevant period.
The condensed consolidated interim financial statements and the review report by ZAO PricewaterhouseCoopers Audit are now available on Uralkali’s website: http://www.uralkali.com/.
Uralkali’s revenues in the first 6 months of 2007 were 13.3 billion rubles (compared to 8.9 billion rubles in the first half of 2006). Uralkali’s net profit for the first 6 months of 2007 was 3.8 billion rubles (compared to approximately 2 billion rubles in the first half of 2006).
Vladislav Baumgertner, President, General Director of Uralkali:
- Our financial results for the first half of 2007 reflectpositive dynamics in the world potash market, particularly in comparison with 2006. In the first half of 2007, we experienced higher sales thanks to rising demand for potash fertilizers worldwide.