PhosAgro's net profit for 2023 decreased by 53.4% to 86.14 billion rubles from 184.7 billion rubles a year earlier. Adjusted net profit amounted to 104.1 billion rubles against 182.3 billion rubles. This is stated in the company's message.
Revenue decreased by 22.7% to 440.3 billion rubles from 569.53 billion rubles, EBITDA decreased by 29% to 183.04 billion rubles from 257.88 billion rubles.
PJSC PhosAgro (TIN 7736216869) – a Russian vertically integrated company, one of the world's leading producers of phosphorus-containing fertilizers. PhosAgro's global depositary receipts are listed on the LSE and on the Russian Stock Exchange.
PhosAgro's net profit for the first half of 2023 fell by 67.8% to RUB 41.5 billion from RUB 129.05 billion a year earlier. Adjusted net profit amounted to RUB 55.77 billion. Revenue decreased by 36.8% to RUB 212.75 billion from RUB 336.5 billion, EBITDA decreased by 28.8% to RUB 96.52 billion from RUB 135.55 billion.
