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22.11 2011 22:40:16

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Acron boosts net income by quarter

by Pavel Emelyantsev

The financial results from the chemicals maker significantly beat expectations. Acron released the results of its financial activities in the third quarter and the first nine months of 2011, which have beaten even the most optimistic estimates.The third-quarter EBITDA hit RUB 5.41 billion, a 16.9% gain q-o-q, and net income advanced by 23.5% q-o-q to RUB 3.65 bn, with growth primarily attributed to price hikes on Acron products. In comparison with the 2nd quarter, the price of urea increased by 18.5%, azofoska by 12.4%, ammonium nitrate by 2.5% and urea-ammonium mixture by 14%.

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