OREANDA-NEWS. OJSC EuroChem MCC today presents a summary of its consolidated results for the first six months of 2007, according to International   Financial Reporting Standards.

 
• Net sales of 32,454 million rubles (23% increase over the same period in 2006)

• EBITDA of 10,204 million rubles (43% increase over the same period in 2006)

• Net profit of 6,835 million rubles (173% increase over the same period in 2006)

The company’s strong financial performance in this period has been based on favourable market conditions both domestically and internationally, which have offset tariff increases for natural gas and power.

Also in this period, in February the rating agencies Fitch and Standard&Poor’s assigned OJSC EuroChem MCC a credit rating of ВВ- and in March the company successfully undertook a Eurobond offering, raising a total amount of US$300 million.

The consolidated financial report for the first 6 months of 2007 on the basis of IFRS is available http://www.eurochem.ru/files/20071024165730_7382.PDF