The Board of Directors of Uralkali (Berezniki, Perm Territory) has approved the Consolidated Condensed Interim Financial Information for the six months ended 30 June 2010, prepared under International Accounting Standards, rule ¹34, «Interim Financial Reporting». The results are as follows:
|
IFRS Financial Results |
1H 2010 |
1H 2009 |
1H 2010 vs. 1H 2009 change |
|
Revenue |
27.4 billion rubles |
13.9 billion rubles |
+97% |
|
Net Revenue1 |
21.0 billion rubles |
12.6 billion rubles |
+68% |
|
Adjusted EBITDA2 |
12.7 billion rubles |
7.4 billion rubles |
+71% |
|
Adjusted EBITDA Margin3 |
60% |
59% |
|
|
Net Profit |
8.4 billion rubles |
4.5 billion rubles |
+89% |
|
Potassium Chloride Output |
2.4 million tones |
1.1 million tones |
+113% |
|
CAPEX |
6.1 billion rubles |
6.0 billion rubles |
+2% |
Consolidated Condensed Interim Financial Information for the six months ended June 30, 2010 is now available on the company’s corporate website, www.uralkali.com. These financial statements have been reviewed by ZAO PricewaterhouseCoopers Audit.
Notes:
1. Net Sales represent adjusted sales (sales net of freight, railway tariff and transshipment costs);
2. EBITDA is calculated as profit before income tax plus finance expense, minus finance income and plus depreciation and amortization;
3. EBITDA margin is calculated as EBITDA divided by Net Sales.
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