Russia, Phosagro (Fosagro)

Phosagro reduced capital investment by 6% in 2016

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.

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Phosagro increased net profit under IAS by 64% with the revenue fall

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.

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Fosagro may spend 3.9 bln rubles on dividends for 2016

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.

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In 2016, Fosagro increase production of fertilizers by 9.4%

In 2016, Fosagro increased the volume of the fertilizers production by 9.4% compared with 2015 to 7.4 million tons, the company reports.

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Fosagro to pay 5.05 bln roubles of dividends

The shareholders of Fosagro have decided to pay dividends at the volume of 5.05 bln roubles, at 39 roubles/general share (13 roubles/GDR) out of the undistributed profit for 2015.

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Fosagro plans to increase production by 17.5% by 2019

Fosagro plans to increase production of 8.6-8.7 mln tons by 2019, the CEO of the company, A. Guriev, said. This is by about 17.5% higher than is expected in 2016.

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FosAgro might launch a new ammonia production capacity in Cherepovets in July 2017

FosAgro might launch a new ammonia production capacity in Cherepovets in July 2017. The technologically connected with it carbamide production might be put into operation in September.

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In 2017, Fosagro may reduce capital investments 1.5 times

In 2017, Fosagro plans to reduce its capital investments to 25-30 billion rubles, which is almost 1.5 times lower than a year earlier, the company’s CEO Andrei Guriev said at the conference c

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Fosagro may spend 5.05 bln rubles of its undistributed profit for dividends

The Fosagro’s Board of Directors has recommended the shareholders to make a decision on payment of the dividends in the amount of 5.05 billion rubles of the company’s undistributed net

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In H1, net profit of Fosagro grew by 30% to 36.1 bln rubles

In the first six months of 2016, the net profit of Fosagro increased by compared to the same period of the previous year to 36.1 billion rubles, the company reports.

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