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.
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, Uralkali produced 10.8 million tons of potassium chloride compared to 11.4 million tons in January - December of last year, the company reports. The decline amounted to 5.3% in 2016.
Uralkalii reduced revenue under IAS in January-September 2016 by 29% against January-September 2015 to $1.68 bln.
The decision on new buyback of Uralkaly hasn’t yet been made, the matter will be discussed at the meeting of the Board of Directors.
Belarusian company Slavkaly of Russian businessman Mikhail Gutseriev has received the first funding from the China Development Bank for the construction of a potash mining and processing complex (G
Uralkalii plans to make 2 issues of bonds of PBO-01-V and PBO-02-V series for the total amount of $800 mln, the company reports.
From the beginning of the program to buyback, fertilizer manufacture Uralkali bought 66 317 447 shares and 1 215 191 GDRs, which is 2.47% of its share capital, the company reports.
In the first six months of 2016, the net profit of Uralkaly under IAS doubled and amounted to 65.2 billion rubles against 31.9 billion rubles in the previous year, the company reports.