Acron_ 3rd quarter results – yahoo finance


Average global indicative prices for the Group`s main products in 9M 2016 were: USD 304 per tonne FOB for NPK 16-16-16, USD 162 per tonne FOB for AN, USD 191 per tonne FOB for urea, and USD 140 per tonne FOB for UAN.

Despite an 11% increase in sales, the cost of goods sold in the reporting period went up 10% year-on-year to RUB 31,783 million. 1 usd to 1 gbp Higher costs were somewhat restrained by lower potassium chloride prices.

Selling, general and administrative expenses were up 19%, mainly due to indexation of wages. 1 usd to myr Transportation expenses were up 21% due to the 11% increase in sales and indexation of railway tariffs in Russia.

Dollar euro exchange rate forecast Over 9M 2016, EBITDA was RUB 22,347 million, down 26% year-on-year. Cny usd exchange rate EBITDA margin was 33%, against 44% year-on-year. Binary cheat sheet The Veliky Novgorod-based Acron and Dorogobuzh facilities operated at 30% and 29% margin, respectively. Usd to aed exchange rate history NWPC maintained a high level of 62% for EBITDA margin due to expanded operations and streamlined costs.

Based on 9M 2016 results, the Group posted a net exchange gain of RUB 3,074 million from revaluation of assets, loans and liabilities, against a loss of RUB 5,274 million year-on-year due to volatile RUB/USD exchange rate.

In the reporting period, the Group reduced its share in Polish Grupa Azoty S.A. Binary tree from 20% to 19.8%. Euro to aud converter The subsequent reclassification of this investment resulted in the equity method not being applicable. Stock market futures live Due to this, a loss of RUB 3,616 million was recorded in Result from suspension of use of equity investee method related to a decrease in the market price of Grupa Azoty S.A. Usd vnd shares. Python tutorial youtube In addition, the share of Grupa Azoty S.A. Love quotes for wife profit accrued based on the equity method before the reclassification totalled RUB 1,544 million, against RUB 1,720 million year-on-year. Vnd to usd This share of profit was excluded from EBITDA for both the reporting period and the same period of the previous year.

Also in the reporting period, the loss from discontinued operations (operating results of Hongri Acron up until its sale) was RUB 1,623 million, against a loss of RUB 727 million year-on-year.

Over 9M 2016, net operating cash flow was down 54% to RUB 10,555 million (9M 2015: RUB 23,113 million) due to increased working capital and reduced profit from operations.

Net cash spent on investments in the reporting period was RUB 5,093 million, against RUB 9,346 million in 9M 2015. Trading places stock market scene explained Capital investments were down 3% in the reporting period to RUB 9,900 million, from RUB 10,171 million in 9M 2015. Aud usd yahoo Capital expenditures were partially offset by proceeds from the sale of available-for-sale investments.

Net cash spent on financing activities in 9M 2016 was RUB 11,214 million, against generated net cash of RUB 4,947 million in 9M 2015. Exchange rate us to indian rupee Cash outflow was RUB 13.345 million in dividends paid in the reporting period and RUB 8,952 million spent to repurchase shares from minority shareholders (mainly the repurchase of a partner`s stake in the Talitsky potash project). Yahoo futures quotes Against these expenditures, there was a net increase of RUB 11,543 million in borrowings.

In the reporting period, net debt in rouble equivalent was up 16% year-on-year to RUB 59,196 million. Usd law school The relative debt burden also increased, and net debt/LTM EBITDA was 1.8, against 1.2 at the beginning of the year. Usd chf This increased debt burden was largely due to lower EBITDA and the repurchase of a stake in the Talitsky potash project, and this was partially offset by proceeds from the sale of investments.

In 3Q 2016, prices for nitrogen fertilisers hit a record low for the past several years, falling to USD 165 per tonne FOB Baltics for urea. Size of futures market Subsequently, the prices dramatically recovered, and in November urea prices reached their highest levels for 2016. Conversion of euro to usd This upward pressure on prices was affected by Chinese producers` cost of production. Usd to chf Prices for coal – a key input for nitrogen fertilisers in China – increased considerably due to coal mine operating restrictions introduced by Chinese authorities in 2016. Idr to usd conversion This resulted in a sharp rise in prices for thermal coal, which rose from CNY 450 in August to CNY 730 in November per tonne FOB China. Exchange rate pound to dollar today We estimate that this factor alone increased the cost of urea production to USD 230 per tonne FOB at the most efficient Chinese producers, forcing them to raise prices and reduce exports. Exchange rate danish krone to us dollar In November, prices rose to USD 230-240 per tonne FOB China. Usd cad exchange rate forecast Regions other than China also saw higher prices. Stock market futures 2015 In November, urea prices in the Baltic States reached USD 220-230 per tonne FOB. Exchange rate vnd to usd Against this background, prices for other nitrogen products such as AN and UAN also increased.

With the aim of reining in volatile prices and preventing the coal market from overheating, Chinese authorities eased regulations on the sector and allowed mines to operate more days each year. Idr to usd The government is also encouraging long-term contracts with a base price of CNY 535 per tonne of thermal coal (5,500 kcal/kg). Euro to usd exchange rate history These measures are slowly decreasing coal prices. Algorithm for binary search As of 1 January 2017, the Chinese government will also slash to zero export duties for urea, which in 2015 and 2016 were CNY 80 (USD 11.5) per tonne. Decimal word problems Meanwhile, the yuan exchange rate is gradually weakening. 200 usd to euro All of these factors will lead to a lower cost of urea production in China, which we estimate will be USD 215 FOB China in January for producers that rely on coal.

In contrast, urea capacity utilisation in China decreased to 50% in late 2016. Gbp stock price Urea exports from China in late 2016 hit a record low for the past several years. Convert binary to hexadecimal According to analysts, this low capacity utilisation is insufficient to meet even China`s domestic needs. Market futures cnn Higher prices are required in order for less efficient producers to recover.

Ammonia prices fell considerably since mid-year due to new capacity introduced in the U.S. Funny jokes for adults clean and Russia. Euro stock exchange It should be noted that the commercial ammonia market is fairly narrow, with sales totalling about 18 million tonnes annually. Euro chart Consequently, even a relatively small increase in supply can dramatically affect prices. Usd gbp By October 2016, ammonia prices hit a record low since 2005 of USD 165 per tonne FOB Yuzhny, making it cheaper than urea. Exchange rate euro dollar This inevitably resulted in production cutbacks in many regions and ammonia prices sharply rebounded. China stock market futures In late 2016, prices reached USD 260 per tonne FOB Yuzhny. Commodity futures market price quotes We believe that further growth is limited by the cost of production in Europe.

NPK prices continued their gradual decline since the beginning of the year, but the NPK premium over basic products remains at a sustainable level. Binary converter to text The full version of Acron Group`s financial statements is available at .

Note: The exchange rate for currency conversion was RUB 63.1581 to USD 1 as of 30 September 2016 and RUB 72.8827 to USD 1 as of 31 December 2015. Streaming forex rates The average exchange rate for the first nine months of 2016 was RUB 68.3667 to USD 1. Call option example The average exchange rate for the first nine months of 2015 was RUB 59.2777 to USD 1. Baht to usd * EBITDA is calculated as operating profit adjusted for depreciation of fixed and intangible assets, Forex gains or losses, and other non-monetary and non-core items . Exchange rate aud usd ** LTM EBITDA is EBITDA calculated for the past 12 months . Aed usd *** For comparison purposes, the information is provided for the Group excluding Hongri Acron.

Contacts for media : Tatiana Smirnova Tel.: +7 (495) 777-08-65 (ext. Usd to rmb 5196) Public Relations Contacts for investment companies: Ilya Popov Tel.: +7 (495) 745-77-45 (ext. Fraction calculator that shows work 5252) Investor Relations

Additional information: Acron Group is a leading global vertically integrated mineral fertiliser producer in Russia with chemical facilities in Veliky Novgorod (Acron) and Smolensk region (Dorogobuzh). Msn news breaking news The Group operates its own phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). Usd rub bloomberg It owns transport and logistics infrastructure and distribution networks in Russia and China. Eur usd exchange rate forecast In 2015, the Group`s sales volume was 6.3 million tonnes. Futures market hours Acron sells its products in 60 countries. Rose quotes Russia and China are its key sale markets. Aud to usd conversion rate In 2015, the Group posted consolidated IFRS revenue of RUB 106,055 million (USD 1,740 million) and net profit of RUB 16,706 million (USD 274 million). 300 us in canadian Acron`s shares are on the first level quotation list of the Moscow Exchange and its global depositary receipts are traded on the London Stock Exchange (ticker AKRN). Usd graph Acron employs over 11,000 people.