The Uralkali’s Board of Directors has recommended the annual general meeting of shareholders not to pay dividends for 2016.
In Q1 2017 Uralkalii increased potassium chloride production by 15.38% to 3 mln tons against Q1 2016, the company reports.
Phosagro reduced capital investment by 6% in 2016. The funds were mainly spent for the construction of new ammonia and carbamide units at the Cherepovets site.
Phosagro increased its net profit under IAS by 64% on the results of 2016. The company’s revenue fell by 1%, is said in the annual report.
In February the Russian enterprises of the chemical industry maintained a positive dynamics of growth of manufacture of basic chemicals.
The Fosagro’s Board of Directors has recommended the shareholders' meeting to made a decision to spend 3.9 billion rubles to pay dividends for 2016, the press centre of Fosagro reports.
In 2017, Uralkali plans to refinance about $1.4 billion and to pay off $300 million of its debt, said director of economics and finance Anton Vishanenko at the conference call with investors.
In 2016, Uralchem increased production of marketable products by 3% compared to last year to record 6.06 million tons, the company reports.
In 2016, the Eurochem’s proceeds under IAS decreased by 4% compared to the same period last year and amounted to $4.375 billion, the company reports.
The Akron group increased the shipment of mineral fertilizers to the Russian market by 20% in 2016.