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Article: Russia's Nevinnomyssky Azot sees Q1 earnings fall 33%.(Financial report)
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- May 19, 2009
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Russia's Nevinnomyssky Azot sees Q1 earnings fall 33%
ROSTOV-ON-DON. May 19 (Interfax) - Nevinnomyssky Azot (RTS: NEAZ), which is based in Russia's Stavropol territory and part of EuroChem Mineral Chemical Company, saw net profit under Russian accounting standards (RAS) decline 32.6% to 1.414 billion rubles in the first quarter of 2009 compared to the same period of 2008, the company said in a report.
Sales revenue fell 24.5% to 4.555 billion rubles in the quarter.
Output by value declined 24.2% to 4.099 billion rubles in the period. Specifically, ammonia production grew 1% to 292,573 tonnes, carbamide - 54.8% to 186,223 tonnes, ammonium nitrate ...