Net Profit of MCC EuroChem in 2006 Made $257 Million

OREANDA-NEWS. EuroChem has released its consolidated IFRS financial statements for the year 2006.

The company has reported net sales of $1,964 m (2005: $1,891 m).

Earnings before depreciation, amortization, financial expenses and income tax (EBITDA) - $505 m (2005: $580 m)

Net profit - $257 m (2005: $330 m).

Profit reduction in 2006 was due to higher gas and energy tariffs, fuel price growth, and rise in wages.