“Net profit “BRIC” under RAS for 9 months fell by 42%

– The net profit of Uralkali, the company for the 9 months fell by 42% compared to the same period last year to 30.6 billion rubles, follows from the statements of the company. Revenue of Uralkali fell by 3% and amounted to 96.6 billion rubles.

The company’s gross profit decreased by 5.5% to 71 billion rubles on the background of rising cost of sales. Profit from sales for the period amounted to is 45.56 billion, a decrease of 11%. Profit before tax has fallen in 1,8 times -to 36.44 billion.

The reason of falling of profit “BRIC” is the decline in positive exchange rate differences compared with the same period last year. According to the article “other income”, which reflects, in particular, the net foreign exchange gains, the company has received 16 billion rubles, as against 48.5 billion rubles a year earlier. At the same time, “other expenses” (in this article are recorded including foreign exchange losses) decreased by 30% to 15 billion rubles.

Retained earnings “Uralkali” at the end of the reporting period amounted to 193 billion rubles.

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