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21/01/2014
17:54
PhosAgro/RUSAL signed contracts.

PhosAgro (MICEX-RTS, LSE: PHOR) and RUSAL signed long term contracts on the delivery of aluminum fluoride and the crude in the volume of above 26.5bn rub., the company informed.

The first contract stipulates aluminum fluoride shipment from PhosAgro Cherepovets till 2034 in the volume of 20bn rub.; the second contract - 6.5bn rub. The contracts were approved at the special meeting Dec. 24, 2013.

They are aimed to increase the delivery to RUSAL-held entities from 23ths ton in 2012 to 35ths ton in 2016.

PhosAgro (TIN 7736216869) is a vertically-integrated company and one of the leading world-known producers of phosphorous-containing fertilizers and apatite concentrate. The Group includes Apatit, PhosAgro-Cherepovets (formed within Ammofos/Cherepovetsky Azot merger), Agro-Cherepovets, Balaklavskie Mineral Fertilizers, PhosAgro-Trans, PhosAgro-Region and NIUIF.

The apatite-nepheline ore reserves of the fields are appraised to gain 2.1bn ton. The ore base covers considerable reserves of aluminum oxide and above 41% of all rare-earth elements in Russia.

The 9-month 2013 net profit (IAS) moved down 52% to 9.094bn rub. from 19.120bn rub.; revenues added 3% to come to 81.276bn rub. from 79.237bn rub.; EBITDA dropped 27% to 19.897bn rub. from 27.194bn rub.; EBITDA - 27% to 19.897bn rub. from 27.194bn rub.; EBITDA margin coming to 24% from 34%.

The IH 2013 net losses reached (RAS) 1.369bn rub. against 5.854bn rub. in profit prior year period. The revenues rallied down 6 fold to 1.012bn

rub. from 6.266bn rub.; gross profit - 715mln rub. from 6.076bn rub.


"AK&M", 21.01.2014

 

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