OREANDA-NEWS. January 24, 2008. OJSC EuroChem MCC presented summary of its consolidated results for the first six months of 2007 in accordance with the International Financial Reporting Standards.

Highlights

- Net sales of 50,285 million rubles (28% increase over the same period in 2006);

- EBITDA of 15,652 million rubles (51% increase over the same period in 2006);

- Net profit of 10,011 million rubles (93% 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, during 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.