Uralkaliy BOD decided to call a special meeting Oct. 22 to consider the credit contracts, the company informed.
In particular, it concerns the contract with Sberbank on the launching of the non-renewable credit line in the volume of $400mln for 7 years; contract with VTB Capital PLC - 32.85bn rub. for 5 years.
Uralkaliy Joint Company (TIN 5911029807) was formed through the merger of Uralkaliy- and Silvinit-held assets completed in June 2011. Within the merger Uralkaliy acquired 1565151 common stocks (20%) of Silvinit. The stocks released by Uralkaliy were swapped for the stocks of Silvinit. The 2012-output dropped 16% to 9.12mln ton.
The 2012 net profit (IAS) moved up 5% to $1.597bn from $1.527bn; revenues dropped 6% to $3.34bn from $2.985; corrected EBITDA being down 5% to $2.375bn; EBITDA margin coming to 71%.
The 2012 net profit climbed up (RAS) 15.2% to 49.079bn rub. from 42.571bn rub.; revenues - 10.3% to 110.116bn rub. from 99.825bn rub.; profit from sales - 7.2% to 63.004bn rub from 58.748bn rub.; pretax profit - 17.4% to 58.373bn rub from 49.711bn rub.