OREANDA-NEWS. April 28, 2012. PhosAgro(MICEX-RTS, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces its unaudited operating results for the three months ended 31 March 2012, reported the press-centre of PhosAgro.     

The Company increased phosphate-based fertiliser sales volumes in Q1 2012 by 9.4% year-on-year (y-o-y), while production of phosphate-based fertilisers for the same period increased by 4.9% y-o-y. 

Commenting on the Q1 2012 production results, PhosAgro CEO Maxim Volkov said: “I am pleased to announce a 4.9% rise in production and a 9.4% rise in sales of phosphate-based fertilisers in the first three month of 2012.

This was possible due to our successful strategy of organic growth through increasing processing of our own phosphate rock for phosphate-based fertilisers like MAP, DAP, NPK and NPS, as well as enhancing the flexibility of both our production and sales models. We were able to substantially increase volumes of complex NPK fertilisers while DAP prices were under pressure, and keep capacity utilization at near 100%, with a significant y-o-y increase in volumes.”